UP Cabinet Approves ₹3,706 Cr HCL-Foxconn Semiconductor Project
| Aspect | Details |
|---|---|
| Project Approval | Approved by the Uttar Pradesh Cabinet |
| Investing Companies | 1. Vamasundari Investments (HCL Group) with Foxcollaboration. 2. Tarq Semiconductor (Hiranandani Group). |
| Investment | * Vamasundari (HCL Group): ₹3,706 crore. * Tarq Semiconductor: ₹28,440 crore. |
| Location | Sector 10 and Sector 28 along the Yamuna Expressway, near Noida International Airport |
| Production Focus | Small panel driver ICs, display driver integrated circuits (DDIC) |
| Annual Output | 240,000 units (HCL Group's facility) |
| Employment Potential | * Direct Employment: 1,000 jobs. * Indirect Employment: 10,000 jobs. * Additional Jobs: 3,780 (HCL Group). |
| Joint Venture Details | Vamasundari Investments (HCL Group) collaborates with Foxconn Hon Hai Technology India Mega Development for an OSAT facility. |
| Ownership Structure | * Vamasundari Investments (HCL):60%. Foxconn:40%. |
| Land Allotment | 50 acres allocated by Yamuna Expressway Industrial Development Authority (YEIDA) |
| Infrastructure Needs | * Electricity: 9,000 KVA. * Water: 2,000 MLD per day (85% recycling efficiency). |
| Government Support | State incentives and central government support under the India Semiconductor Mission (ISM) scheme |
| Timeline | * Construction commencement: April 2024. * Operations start: Within 18 months of construction. |
| Strategic Impact | Strengthens India's semiconductor ecosystem, reduces import dependency, enhances UP's high-tech industry infrastructure. |