US EditionIndia approves Apple-supplier Foxconn's $433 million chip joint venture in bid to boost industry
- India's Union Cabinet approved a $433 million joint semiconductor plant by Foxconn and HCL Group near Jewar airport, Uttar Pradesh, on May 14, 2025.
- This project arises from India's push to build a domestic chip ecosystem and reduce foreign dependence, amid Apple's strategy to diversify manufacturing away from China due to trade tensions.
- The facility will initially function as an assembly and testing center before expanding into full-scale manufacturing of semiconductor components that help control screen visuals in devices such as smartphones, laptops, cars, and other electronics.
- Information Minister Ashwini Vaishnaw announced that the facility is expected to handle tens of thousands of wafers monthly and produce about 36 million chips each month, creating roughly 2,000 jobs while enhancing India's semiconductor manufacturing capabilities and its role in the global supply chain.
- The plant's launch by 2027 will mark India's sixth semiconductor fab, expected to significantly cut import reliance and advance the country's semiconductor mission to become a global chip player.
33 Articles
33 Articles
TechCrunch
technewstube.comFoxconn gets nod for $435M project to make more of Apple chips in India, eventually
Foxconn, a key manufacturer for Apple, has received an approval from India's cabinet to build a new 37 billion Indian rupees ($435 million) semiconductor
UP's Jewar gets Rs 3,706 crore HCL-Foxconn display chip manufacturing plant
On May 14, the Union Cabinet approved a semiconductor plant at Jewar in Uttar Pradesh, which will be established through a joint venture between HCL and Foxconn. The investment amounts to Rs 3,706 crore and aims to manufacture display driver chips utilised in mobile phones, laptops, and automobiles. According to Information and Broadcasting Minister Ashwini Vaishnaw, the plant will process 20,000 wafers each month, producing approximately 3.6 cr…
Tower dropped India wafer fab project in 2024, says CEO
Specialty foundry Tower Semiconductor Ltd. (Migdal Haemek, Israel) withdrew from a plan to build a wafer fab in India “five or six months ago” according to CEO Russell Ellwanger. Speaking during an analysts’ conference call to discuss Tower’s steady 1Q25 financial results, Ellwanger said that a recent report that Adani Group had paused the US$10 […] The post Tower dropped India wafer fab project in 2024, says CEO appeared first on eeNews Europe.
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