Archive · 15 Jan 2026
Foxconn-HCL JV Named India Chip Private Limited
Foxconn and HCL Group have named their new company together as India Chip Private Limited.
Foxconn has already put in about Rs 312 crore for a 40% share and might invest up to Rs 424 crore more.
The Uttar Pradesh government gave them 48 acres of land for making and testing semiconductors.
This is a big step for making more electronics parts in India.
Foxconn and HCL Group named their semiconductor joint venture India Chip Private Limited.
Foxconn has invested Rs 312 crore for a 40% stake and may invest up to Rs 424 crore.
The joint venture will focus on outsourced semiconductor assembly and test (OSAT).
The Uttar Pradesh government allocated 48 acres of land for the project.
The land proposal was submitted by HCL Group under the name Vama Sundari.
- Who
- Foxconn and HCL Group
- What
- Named their semiconductor joint venture as India Chip Private Limited
- When
- October 1, 2024 (announced), January 15, 2026 (published)
- Where
- Uttar Pradesh, India
- Why
- To establish a semiconductor assembly and test facility
- Joint Venture Name
- India Chip Private Limited
- Foxconn's Investment
- USD 3,720,000 (Rs 312 crore)
- Foxconn's Stake
- 40%
- Potential Total Investment
- Up to Rs 424 crore
- Land Allocated
- 48 acres
- Location
- Yamuna Expressway, Uttar Pradesh
- Purpose
- Semiconductor assembly and test (OSAT)