UP Govt Allocates 48 Acre Land to HCL-Foxconn Semiconductor Plant

The Uttar Pradesh government has allocated approximately 48 acres of land to the HCL-Foxconn semiconductor plant at a new location under the Yamuna Expressway Industrial Development Authority (YEIDA), which is part of Greater Noida, Uttar Pradesh. This decision was made to cut down on infrastructure and procedural delays that were anticipated at the previously allocated site in Sector 10.

The new land parcel is located in Sector 28 of YEIDA, which already has the required infrastructure due to the presence of the Medical Device Park and other industries. This move is expected to expedite the establishment of the semiconductor plant, which will be the first chip production unit in Uttar Pradesh.

The HCL-Foxconn joint venture, Vama Sundari Investments, plans to invest around ₹3,706 crore in an outsourced semiconductor assembly and test (OSAT) facility, generating close to 4,000 jobs. This development is a significant step towards bolstering India's semiconductor manufacturing capabilities.

The new location for the plant is in Sector 28 of YEIDA, which already has the necessary infrastructure due to the presence of the Medical Device Park and other Industries. This strategic move is expected to expedite the establishment of the semiconductor plant, making it the first chip production unit in Uttar Pradesh.

The HCL-Foxconn joint venture, known as Vama Sundari Investments, is a collaboration between the HCL Group and Taiwanese electronics manufacturer Foxconn Hon Hai Technology India. This partnership aims to establish an outsourced semiconductor assembly and test (OSAT) facility in Uttar Pradesh, India. The project is expected to involve an investment of around ₹3,706 crore and create approximately 4,000 jobs.