Daijiworld Media Network - New Delhi

New Delhi, Feb 21: Prime Minister Narendra Modi on Saturday described the launch of the HCL-Foxconn semiconductor unit in Uttar Pradesh as a landmark development in India’s quest for technological self-sufficiency and a stronger foothold in the global chip industry.

The Prime Minister virtually inaugurated the joint venture, India Chip Private Limited, at the Yamuna Expressway Industrial Development Authority (YEIDA) site. The facility, being established with an investment exceeding Rs 3,700 crore, will function as an Outsourced Semiconductor Assembly and Test (OSAT) plant.

Highlighting Uttar Pradesh’s growing role in the semiconductor sector, PM Modi said the country is steadily reducing its reliance on imported chips — a critical component for industries such as electronics, automobiles and digital technologies. The OSAT plant will produce display driver chips used in mobile phones, laptops, vehicles and various consumer electronics products. Once fully operational, it is expected to handle nearly 20,000 wafers per month, strengthening domestic supply chains.

Referring to the current decade as India’s “tech-ade,” the Prime Minister emphasized that strategic investments in semiconductor manufacturing are laying the groundwork for leadership in next-generation technologies. He noted that although India joined the semiconductor race later than some countries, the pace of progress has accelerated significantly.

Under the India Semiconductor Mission, 10 semiconductor units have received approval so far, with four nearing production readiness. PM Modi also mentioned the recently held India AI Impact Summit in Delhi, where India’s technology-driven vision received international appreciation.

Calling the week a defining moment in the country’s digital journey, the Prime Minister said the new facility will generate thousands of direct and indirect employment opportunities for engineers, technicians and skilled workers. He added that the plant’s proximity to Jewar Airport will enhance logistics efficiency and global connectivity, while encouraging the growth of ancillary industries, startups and chip design centres in the region.