HCL-Foxconn to make semiconductor chips in India: Government approves sixth plant costing ₹3,700 crore; 3.6 crore chips to be made every month
The Government of India on Wednesday approved HCL and Foxconn to build the sixth semiconductor plant. This plant will be built near Jewar Airport in Yamuna Expressway Industrial Zone of Uttar Pradesh at a cost of Rs 3,700 crore. The plant will run at a capacity of 20,000 wafers per month.
It will have a monthly production of 36 million display driver chips. Apart from this, work is already going on at a fast pace on 5 semiconductor units. This investment will reduce India’s dependence on China-Taiwan for devices like mobile, car, laptop.
Expected to start production by 2027
IT Minister Ashwini Vaishnav said that this plant will make display driver chips, which will also develop the display panel industry in India. The plant is expected to start production by 2027.
Foxconn bought 300 acres of land in Uttar Pradesh
Last month, Foxconn bought 300 acres of land in Greater Noida, Uttar Pradesh. The company will build a manufacturing plant on this land near the Yamuna Expressway.
Apple-Foxconn have been working for 25 years
American company Apple and Taiwanese company Foxconn have a long-standing partnership. Since the early 2000s, Taiwanese electronics manufacturing company Foxconn has been Apple’s primary supplier, assembling products like iPhones, iPads and MacBooks.
In the partnership between the two, Apple is able to focus on software and design. While Foxconn handles high volume and precision manufacturing. A large part of the iPhone is made at Foxconn’s Zhengzhou plant, due to which it is called iPhone City. When the company works at maximum capacity, it can assemble 500,000 iPhones daily.
70 startups are working on semiconductor technology
To strengthen this ecosystem, students from 270 institutions across the country and 70 startups are working on new chip design technology. SCL Mohali has prepared 20 products made by the students for the market. The government aims to increase India’s share in the semiconductor market to 10% by 2025.
