Latest news with #IndiaSemiconductorMission
Coin Geek
22-05-2025
- Business
- Coin Geek
India approves HCL, Foxconn JV for 6th semiconductor unit
Getting your Trinity Audio player ready... India has approved the establishment of a new semiconductor facility—a joint venture between Indian tech major HCL Technologies and Taiwanese tech giant Foxconn—at a cost of about $434.72 million (Rs 3,700 crore). The plant will be located in the northern Indian state of Uttar Pradesh. Foxconn, a major electronics manufacturer and a primary supplier to Apple (NASDAQ: AAPL), brings extensive experience in the semiconductor sector. Its collaboration with HCL, which brings decades of experience in hardware development and manufacturing, reflects increasing international trust in India's semiconductor strategy and highlights the country's emerging role in the global display technology supply chain. The Union Cabinet, led by Prime Minister Narendra Modi, approved establishing another semiconductor facility under the India Semiconductor Mission (ISM). This marks the sixth such unit, with five others already in advanced stages of construction. The government said in a statement that this latest approval represents another step forward in India's push to build a robust and strategically important semiconductor industry. 'The Union Cabinet has approved India's 6th semiconductor unit in Jewar, Uttar Pradesh. Under India Semiconductor Mission, five semiconductor units have been approved so far and rapid construction is going on there. Production at one unit will begin this year. In this connection, there is one more super-advanced unit. This is a joint venture of HCL and Foxconn,' said Ashwini Vaishnaw, Minister for Electronics and Information Technology. The newly approved unit will be located near Jewar airport within the Yamuna Expressway Industrial Development Authority (YEIDA) area. According to the official statement, the facility will produce display driver chips for a wide range of devices, including mobile phones, laptops, automobiles, and PCs. The plant is designed for 20,000 wafers per month. The design output capacity is 36 million units per month. The India Semiconductor Mission is dedicated to developing a robust semiconductor and display ecosystem to transform India into a global hub for electronics design and manufacturing. As the central coordinating body, ISM oversees the effective and streamlined implementation of various government schemes related to semiconductors and displays, ensuring a cohesive and strategic approach to building this critical industry. India's semiconductor industry is rapidly taking shape, with significant progress being made nationwide. World-class design and innovation hubs have emerged in several states, as part of a broader national push to establish a robust semiconductor ecosystem. Provincial governments are actively courting design firms, offering support and incentives to attract cutting-edge research and development activities. A vibrant ecosystem of innovation is also flourishing at the grassroots level. More than 270 academic institutions and 70 startups across India are engaged in advanced semiconductor design, working on the latest technologies to create next-generation products. These efforts reflect a growing synergy between academia, industry, and government aimed at positioning India as a global leader in semiconductor innovation. Notably, students from these academic institutions have already achieved significant milestones. The Semiconductor Laboratory (SCL) in Mohali has successfully facilitated the tape-out of 20 semiconductor products developed by student teams. This achievement highlights the technical capabilities emerging within India and underscores the country's growing potential to drive innovation in this strategically critical sector. As India advances on its semiconductor journey, the broader ecosystem is also rapidly taking shape, with key global players establishing and expanding their presence in the country. According to the statement, leading semiconductor equipment manufacturers such as Applied Materials and Lam Research—two of the most prominent names in the industry—have already set up operations in India, signaling growing international confidence in the country's potential as a semiconductor hub. In addition to equipment manufacturers, major suppliers of specialty gases and chemicals critical to chip fabrication are also ramping up their activities in India. The statement said that companies like Merck, Linde, Air Liquide, and Inox are preparing to meet the rising demand expected from the country's expanding semiconductor sector. Their growing footprint ensures that India is not only focused on chip design and manufacturing but is also building the full supply chain infrastructure needed to support a world-class semiconductor industry. This momentum is being driven by surging domestic demand, fueled by the rapid expansion of electronics manufacturing in India. From laptops and mobile phones to servers, medical devices, power electronics, defense systems, and consumer electronics, the need for semiconductors is growing at an unprecedented pace. Establishing new semiconductor units, such as the HCL-Foxconn joint venture, represents a critical step toward meeting this demand. These developments align closely with Prime Minister Modi's vision of Atmanirbhar Bharat (Self-Reliant India), aiming to reduce dependence on imports and establish India as a global leader in high-tech manufacturing. The emergence of a strong semiconductor ecosystem is central to that vision, promising to boost innovation, create high-value jobs, and strengthen the country's strategic and economic resilience. 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Business Standard
18-05-2025
- Business
- Business Standard
Semicon 2.0: India eyes 5% slice of global semiconductor chip pie by 2030
A senior official in the Ministry of Electronics and Information Technology (Meity) said: "We have just begun and have a long road ahead Surajeet Das Gupta New Delhi Listen to This Article The central government is aiming for a 5 per cent share of global semiconductor chip production by the end of 2030 as it readies for the next phase of the India Semiconductor Mission — Semicon 2.0. It has already committed disbursements from the $10 billion it earlier announced as incentives for prospective semiconductor fabrication (fab) players, as well as Outsourced Semiconductor Assembly and Test (OSAT) and Assembly, Testing, Marking, and Packaging (ATMP) companies. As many as five projects are already eligible under the scheme. A senior official in the Ministry of Electronics and Information Technology (Meity) said: 'We have just
India.com
15-05-2025
- Business
- India.com
100 times faster internet that 5G! Modi govt invests Rs 300 crore in THIS new technology for...
File/Representational India 6G: India will soon have internet speeds that are a 100 times faster than the current 5G technology as the Narendra Modi government has already invested well over Rs 300 crore to develop 6G technology. Addressing a presser on Wednesday, Union Minister of State for Telecommunications Chandrashekhar Pemmasani revealed that India is among the top six countries globally in filling 6G technology patents, and has approved more than 111 research projects, with funds over Rs 300 already released. 100 times faster than 5G The minister informed that India's 6G technology will use Terahertz frequency bands, which will enable blazing fast internet speed of up to 1 terabits/seconds (125 GB), which is around 100 times faster than the currently existing 5G technology. He said that 6G technology will mark another milestone in India's digital revolution, and will revolutionize existing industries as well as help in the emergence of new ones. Pemmasani expressed confidence that India's vast talent pool of engineers and scientists will help the country emerge as a global leader in 6G technology in the near future, and stated that India has enough time for research and innovation to ensure we become a technologically self-reliant nation. According to experts, 6G technology is estimated to contribute a staggering $1 trillion to the Indian economy by 2035. Additionally, indigenously-built 6G technology will also make the country's communication system more secure, robust, and immune to electronic warfare from enemy nations. Modi Cabinet approves India's 6th semiconductor unit In related news, Prime Minister Narendra Modi-led Cabinet on Wednesday approved the country's sixth semiconductor unit under the ambitious India Semiconductor Mission, which aims to position India as a global leader in semiconductor manufacturing. The semiconductor plant, an HCL-Foxconn joint venture will be set up at an estimated cost of Rs 3,706 crore in Jewar, Uttar Pradesh, and will manufacture chips display driver chips for smartphones, laptops, automobiles, PCs, and other electronic gadgets Five other seminconductor units are already being built in Assam and Gujarat.
Time of India
15-05-2025
- Business
- Time of India
HCL-Foxconn OSAT facility will help meet growing demand for advanced technologies: Roshni Nadar Malhotra
The HCL-Foxconn JV combines HCL's deep-rooted engineering DNA and depth in technology with Foxconn's semiconductor capabilities, chairperson of the HCL Group Roshni Nadar Malhotra , said on Thursday. Nadar-Malhotra's statement comes a day after the consortium received the Cabinet nod for a Rs 3,706 crore outsourced semiconductor assembly and test (OSAT) facility in Uttar Pradesh (UP). "This collaboration will support key sectors such as consumer electronics, automotive, and industrial systems," she said in a statement. "The facility, with a capacity of 20,000 wafers per month, will help meet the growing demand for advanced technologies. It is expected to generate over 3,500 jobs. We are also focused on building semiconductor skills and enabling India's workforce in this field." HCL Group and Hon Hai Technology Group (Foxconn) received the Cabinet's approval on Wednesday to set up an OSAT facility in the Yamuna Expressway Industrial Development Authority (YEIDA) region near Jewar airport. This marks the sixth semiconductor unit to be sanctioned under the India Semiconductor Mission and the first such unit to be set up in UP. Foxconn, on its part, called it a 'landmark decision' that represented a strong vote of confidence in Foxconn's long-term commitment to India's semiconductor and electronics manufacturing ecosystem. "This OSAT venture reflects our strong belief in local partnerships, innovation, and India's potential to emerge as a major hub for advanced semiconductor packaging and testing," Foxconn said. "As we enter the execution phase, Foxconn remains focused on building local capabilities, nurturing talent, and delivering world-class manufacturing outcomes in India." This is Foxconn's second attempt at setting up a semiconductor unit in India. The first time around, the Taiwanese contract manufacturing giant had applied with Vedanta as their partner. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories The upcoming plant will manufacture display driver chips used in mobile phones, laptops, automobiles, PCs, and other devices with displays. This unit is the first-of-its-kind and is expected to contribute significantly to meeting domestic demand for such chips. Union minister for electronics and information technology Ashwini Vaishnaw on Wednesday had said that this plant will contribute to about 40% of India's total demand for display driver chips.
Entrepreneur
15-05-2025
- Business
- Entrepreneur
Cabinet Approval of HCL-Foxconn JV a Fillip for Semicon Manufacturing in India
India's semiconductor market is expected to grow from USD 52 billion in 2024 to USD 103.4 billion by 2030, according to a report by the India Electronics and Semiconductor Association (IESA). You're reading Entrepreneur India, an international franchise of Entrepreneur Media. The Union Cabinet's approval of the INR 3706-crore HCL-Foxconn outsourced semiconductor assembly and test (OSAT) facility under the India Semiconductor Mission is a major fillip for the semiconductor manufacturing industry in India. The government said that already five semiconductor units are in advanced stages of construction in the country. With this sixth unit, Bharat moves forward in its journey to develop the strategically vital semiconductor industry, Union Minister Ashwini Vaishnaw said during the announcement. The proposed unit will be located near the upcoming Jewar airport, within the Yamuna Expressway Industrial Development Authority (YEIDA) region. The facility will produce display driver chips for mobile phones, laptops, automobiles, PCs, and various other display-equipped devices. It is designed to handle 20,000 wafers every month, with an output capacity of 36 million units per month. "With an investment of INR 3,700 crore, the project brings large-scale advanced packaging and testing capabilities specifically for display driver ICs—addressing a critical gap in India's display and electronics value chain. This isn't just about building infrastructure—it reflects India's growing maturity in semiconductor manufacturing, with trusted partners, strategic intent, and industrial scale," said Ashok Chandak, President, IESA and SEMI India. Foxconn, one of the world's largest electronics manufacturers, is expected to bring world-class expertise in chip packaging and testing—core to the downstream semiconductor supply chain. HCL Group on the other hand is expected to bring robust technology services, engineering strength, and global relationships, and add local execution capability and talent access. "Together, this joint venture lays the foundation for India to emerge as a preferred global hub for semiconductor OSAT operations—truly aligning with the vision of 'Make in India, Make for the World' with great support from center and states. This project can become landmark as it can create major value addition in India's electronics manufacturing for mobiles, laptops, consumer, automotive, etc.," Chandak added. India's semiconductor ecosystem is growing rapidly as cutting-edge design infrastructure has been established in several states. "Students and entrepreneurs in 270 academic institutions and 70 startups are working on world class latest design technologies for developing new products. 20 products developed by the students of these academic students have been taped out by SCL Mohali," Vaishnaw said. India's semiconductor market is expected to grow from USD 52 billion in 2024 to USD 103.4 billion by 2030, according to a report by the India Electronics and Semiconductor Association (IESA). The report attributes this growth to major sectors including mobile handsets, information technology (IT), telecommunications, consumer electronics, automotive, aerospace, and defence. Key global players such as Applied Materials and Lam Research have set up operations in India. US-based Applied Materials recently made a USD 50 million investment to establish an R&D facility in Bengaluru. Similarly, Lam Research said it will invest over INR 100 billion (USD 1.2 billion) in the next few years in Karnataka. In April this year, Axiro Semiconductor, subsidiary of CG Power and Industrial Solutions (part of Murugappa Group), opened a fabless semiconductor design centre in Bengaluru. Axiro said it is poised to fuel innovation across high-impact sectors including 5G/6G, strategic defence, satellite communications, and industrial IoT. CG Power and Industrial Solutions recently invested USD 36 million, marking CG Power's formal entry into the semiconductor design business. Axiro said its fabless model enables a sharp focus on chip design and IP creation while leveraging global foundries for production, ensuring rapid scalability, cost optimization, and high performance. Vellayan Subbiah, Chairman of CG Power and Industrial Solutions said that "breakthrough innovations" and an "unwavering commitment to excellence" will continue to propel Axiro Semiconductor forward. The company aims to deliver cutting-edge solutions for AI, automotive, and IoT applications, further accelerating India's integration into the global semiconductor value chain.
