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Home Electronics News

ICEA Chairman Pankaj Mohindroo Welcomes Cabinet Approval of ₹3,706 Cr for HCL–Foxconn Semiconductor JV

Electronics Maker by Electronics Maker
May 14, 2025
in Electronics News
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“The approval of the HCL–Foxconn semiconductor project by the Union Cabinet is a strategic breakthrough, not just for India’s semiconductor ambitions but also for Uttar Pradesh, which will now take a vantage position in shaping the country’s semiconductor ecosystem. This project will galvanise the semiconductor manufacturing landscape in the state, attract investments, build local capabilities, and trigger the development of a semiconductor value chain in and around the Jewar region. This partnership further reiterates how global expertise and Indian leadership can come together to build Indian champions that are globally competitive.

I congratulate the teams at HCL and Foxconn for their bold vision and strategic commitment. This initiative brings credibility, confidence, and momentum to India’s semiconductor programme.

We also commend the visionary leadership of Prime Minister Narendra Modi and the relentless drive of Union Minister Ashwini Vaishnaw, whose unwavering focus has put India firmly on the global semiconductor map.

And we remain committed to enabling more such high-impact collaborations that advance India’s goal of becoming a trusted, scalable, and competitive global hub for semiconductor and electronics.”

Tags: semiconductor manufacturing
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