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PM Modi Inaugurates ₹3700 Crore Semiconductor Project, Declares Uttar Pradesh as India's Future Chip Hub
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PM Modi Lays Foundation for ₹3700 Cr Semiconductor Project in UP, HCL-Foxconn JV
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CNBC Awaaz
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22-02-2026, 11:38
PM Modi Lays Foundation for ₹3700 Cr Semiconductor Project in UP, HCL-Foxconn JV
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PM Modi laid the foundation stone for Bharat Chip Private Limited's ₹3700 crore OSAT project in Uttar Pradesh.
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The project, a 60:40 joint venture between HCL Group and Foxconn, is located near Noida Airport.
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PM Modi stated that Uttar Pradesh will become a major center for India's semiconductor ecosystem, aiming for self-reliance.
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The facility will process 20,000 wafers monthly, creating over 3,500 direct and indirect jobs by 2028.
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This initiative under the India Semiconductor Mission will strengthen the domestic supply chain and reduce imports.
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