Foxconn-HCL joint venture secures land for semiconductor plant in Noida

A joint venture between Taiwan’s Foxconn and the HCL Group has secured approximately 30 acres of land near the upcoming Jewar airport in Noida, Uttar Pradesh, reported The Economic Times. The land, allocated by the Yamuna Expressway Industrial Development Authority (YEIDA), is intended for setting up a semiconductor outsourced assembly and testing (OSAT) unit, according to individuals familiar with the development.

The proposed project could be a significant milestone for the state, as it would be the first OSAT unit to be established in Uttar Pradesh, pending approval from the central government.