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HCL-Foxconn display chip unit gets govt nod
Mint Bangalore
|May 15, 2025
₹3,700 cr project India's first display chip testing & manufacturing facility
India's display manufacturing industry received a boost on Wednesday when the Union cabinet approved the India Semiconductor Mission's (ISM) fourth chip-testing facility and the fifth semiconductor project overall.
The ₹3,700-crore (around $433 million) project, first floated in January 2024, is an outsourced semiconductor assembly and testing (Osat) facility being developed by IT services firm HCL Technologies Ltd in partnership with Taiwanese contract manufacturer Hon Hai Precision Industry Co. Ltd, better known as Foxconn.
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