India Chip Facility Launched Amidst Broader Economic Development Plans
India Chip's OSAT facility in Jewar, Uttar Pradesh, represents a ₹3,700 crore investment with operations expected by 2028, creating over 3,500 jobs. This initiative is part of India's broader strategy to enhance semiconductor manufacturing and economic growth under the 'Sapta Dhara' framework announced by PM Modi.
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India Chip, a joint venture between HCL Group and Foxconn, is set to establish a display drive integrated circuit (DDIC) OSAT facility in Jewar, Uttar Pradesh, with a projected investment of ₹3,700 crore. The facility aims to process 20,000 wafers monthly and is anticipated to begin operations by 2028.
Shikhar Malhotra has been appointed Chairman, emphasizing strategic leadership in semiconductor manufacturing growth. PM Modi's 'Sapta Dhara' framework outlines seven key areas, including manufacturing, agriculture, and technology, to drive India's development. This focus on semiconductors aligns with Modi's vision of enhancing India's global economic position and achieving self-reliance in technology and manufacturing.
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