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Cabinet approves HCL-Foxconn joint venture under semiconductor mission

2 min read

Semiconductor Manufacturing Facility Approval

The Union Cabinet has approved a new semiconductor manufacturing facility under the India Semiconductor Mission, marking a significant step in the development of this strategic industry.

Collaborative Project by HCL and Foxconn

  • This facility is a collaboration between HCL and Foxconn.
  • Located near Jewar airport in the Yamuna Expressway Industrial Development Authority (YEIDA) region.
  • Will focus on producing display driver chips for various devices such as mobile phones, laptops, and automobiles.
  • Capable of processing 20,000 wafers and producing 36 million units per month.

Investment and Economic Impact

  • The project entails an investment of ₹3,700 crore.
  • Expected to bolster the semiconductor industry as part of Prime Minister Narendra Modi’s vision of Atmanirbhar Bharat.

India’s Semiconductor Industry Landscape

The semiconductor industry in India is rapidly evolving, supported by investments in design infrastructure and educational institutions.

Infrastructure and Academic Initiatives

  • Advanced design infrastructure has been established in several states.
  • Active participation from 270 institutions and 70 startups in developing innovative design technologies.
  • 20 student-designed products have been successfully taped out at SCL Mohali.

Supporting Industrial Infrastructure

  • Major equipment manufacturers like Applied Materials and Lam Research have set up operations in India.
  • Chemical and gas suppliers such as Merck, Linde, Air Liquide, and Inox are expanding to meet industry demands.

The increasing semiconductor demand, driven by growth in various manufacturing sectors, positions this development as a crucial component of India’s strategic economic plans.

  • Tags :
  • Semiconductor industry
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