Prime Minister Narendra Modi on Saturday laid the foundation stone of India Chip Non-public Restricted, a three way partnership between HCL Group and Foxconn, for an Outsourced Semiconductor Meeting & Check (OSAT) facility in YEIDA, Jewar, Greater Noida. The Prime Minister joined the occasion nearly.
India Chip Pvt Ltd is a 60:40 three way partnership between HCL Group and Foxconn. The superior OSAT facility is anticipated to change into operational by 2028. As per the discharge, the corporate has earmarked an funding of ₹3,700 crore over the following few years for the challenge, which can manufacture show driver chips.
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Roshni Nadar Malhotra, Chairperson, HCL Group, mentioned, “We look ahead to working intently with Foxconn, to carry this state-of-the-artwork challenge to life on the earliest, and to additional strengthen India’s expertise story.”
The corporate mentioned that the funding is anticipated to generate over 3,500 direct and oblique jobs, assist native provide chains, and appeal to companions throughout the semiconductor worth chain.
With a deliberate capability to course of 20,000 wafers per thirty days, the facility is aimed toward assembly home demand for semiconductor parts and strengthening the nation’s semiconductor provide chain.
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(Edited by : Navneet Singh)
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