Feb 21, 2026
– Hon’ble CM of UP, Yogi Adityanath and Hon’ble Minister for Railways, Information & Broadcasting, Electronics & IT, Government of India, Shri Ashwini Vaishnaw join the ceremony that marks a key milestone under the India Semiconductor Mission
-The HCL Group-Foxconn JV will boost India’s hi-tech manufacturing vision and position Uttar Pradesh as a technology hub
21 February 2026, Taipei, Taiwan, and Uttar Pradesh, India – The Hon’ble Prime Minister of India, Shri Narendra Modi, today laid the foundation stone of India Chip Private Limited – the HCL Group and Foxconn JV for Outsourced Semiconductor Assembly & Test (OSAT) facility in YEIDA (Yamuna Expressway Industrial Development Authority) in Jewar, Greater Noida. The Prime Minister joined the event virtually.
Also present on the occasion were Hon’ble Chief Minister of Uttar Pradesh, Yogi Adityanath and Hon’ble Minister for Railways, Information & Broadcasting, Electronics & Information Technology, Government of India Shri Ashwini Vaishnaw. They were joined by Roshni Nadar Malhotra, Chairperson, HCL Group, and Bob Chen, President – Semiconductor Business Group, Hon Hai Technology Group (Foxconn).
India Chip Pvt Ltd is a 60:40 joint venture between HCL Group and Foxconn. The advanced OSAT facility is expected to be operational by 2028. The company has earmarked an investment of Rs 3,700 crores over the next few years in the state-of-the-art facility that will produce display driver chips. The investment is expected to create over 3,500 direct and indirect jobs, build local supply chains, and attract ecosystem partners across the semiconductor value chain.
With a planned capacity to process 20,000 wafers per month, the facility will play a pivotal role in meeting India’s growing domestic demand for semiconductor components while strengthening a resilient, self-reliant semiconductor supply chain. This milestone is especially significant as HCL, a global technology powerhouse with an expanding base of users for its world-class software platforms, celebrates its 50th anniversary – marking not just a legacy of leadership, but a bold step into India’s semiconductor future.
Roshni Nadar Malhotra, Chairperson, HCL Group, said: “We want to thank the Hon’ble PM for taking the time to grace this occasion. This project marks a significant new chapter in the HCL Group’s growth story and builds on our strong engineering legacy, which has long contributed to India’s technology and manufacturing ecosystem. We are deeply grateful to the Government of India and the Government of Uttar Pradesh for their unwavering support. We are proud to deepen our commitment to Uttar Pradesh and contribute meaningfully to the state’s fast-evolving technology and manufacturing landscape. We look forward to working closely with Foxconn, to bring this state-of-the-art project to life at the earliest, and to further strengthen India’s technology story.”
Young Liu, Chairman, Hon Hai Technology Group (Foxconn), said: “This JV is a great example of how we build, operate and localize in India. Our BOL business model supports the local community. We are sincerely thankful to our cherished partner HCL and privileged to be recognized by the Government of India and the Government of Uttar Pradesh for achieving this milestone.”
Both HCL and Foxconn share a long-standing commitment to excellence in manufacturing, driven by innovation, precision, and the highest global standards. Together, the partnership aims to establish a facility that not only advances India’s semiconductor capabilities but also sets new benchmarks for quality and operational excellence.
About HCL Group
Founded in 1976 as one of India’s original IT garage start-ups, HCL Group is a pioneer of modern computing with many firsts to its credit, including the introduction of the 8-bit microprocessor-based computer in 1978 well before its global peers. Today, the HCL Group has a presence across varied sectors that include technology, healthcare and talent management solutions and comprises three companies – HCL Infosystems, HCLTech and HCL Healthcare. The enterprise generates annual revenues of over US $14.5 billion with 226,300 employees operating across 60 countries. For further information, visit www.hcl.com
About Foxconn
Established in 1974 in Taiwan, Hon Hai Technology Group (“Foxconn”) (TWSE:2317) is the world’s largest electronics manufacturer and leading technological solutions provider, ranking 28th among the Fortune Global 500. In 2025, revenue, unaudited and consolidated, totaled TWD8.099 trillion (approx. USD260 billion). The Group’s market share in electronics manufacturing services (EMS) exceeds 40% and covers four major product segments: smart consumer electronics; cloud and networking; computing; and components and other. The Group operates over 230 campuses across 24 countries and is one of the world’s largest employers with approx. 900,000 employees during peak manufacturing season. The Group has expanded its capabilities into the development of electric vehicles, digital health, and robotics, and three key technologies – next-generation communications technology, AI, and semiconductors – which are key to driving its long-term growth strategy. It is dedicated to championing environmental sustainability in the manufacturing process and serving as a best-practice model for global enterprises. To learn more, visit www.honhai.com
Contact:
Shruti Saxena
Head, Corporate Communications, HCL Group
shruti-saxena@shivnadarfoundation.org
Jimmy Huang
Deputy Spokesperson