PM Modi, Yogi Adityanath lead ceremony for ₹3,700 crore HCL-Foxconn chip unit in UP

Prime Minister Narendra Modi and Uttar Pradesh Chief Minister Yogi Adityanath inaugurated a significant ₹3,700 crore semiconductor manufacturing unit in the state, a joint venture between HCL Technologies and Foxconn. This advanced facility, set to be operational by 2028, will focus on the production of display driver integrated circuits (DDICs), which are essential components for various electronic devices. The establishment of this unit is a strategic move to bolster India's position in the global semiconductor supply chain, aligning with the government’s initiative to promote domestic manufacturing and reduce dependence on imports. The project is expected to generate numerous job opportunities and attract further investments in the technology sector. With the growing demand for electronics and the government's push for a self-reliant India, this venture is poised to play a crucial role in enhancing the country's technological capabilities and economic development.