Overview
- The ₹3,700 crore facility, spread over 48 acres in YEIDA’s Sector 28 near the Noida airport, will package and test chips.
- India Chip Pvt Ltd plans capacity to process 20,000 wafers per month once operations begin.
- The plant is projected to create more than 3,500 direct and indirect jobs and catalyze local supply chains.
- Uttar Pradesh CM Yogi Adityanath, Union minister Ashwini Vaishnaw, HCL chairperson Roshni Nadar Malhotra and Foxconn leaders including Young Liu and Bob Chen attended the ceremony.
- Prime Minister Narendra Modi cast the project as a step toward self-reliance, citing pandemic-era chip supply disruptions and comparing chips’ strategic value to oil in the last century.