Cabinet approves HCL-Foxconn JV to establish India’s sixth semiconductor unit at Jewar: Key features, employment boost

The government on Wednesday approved an HCL-Foxconn semiconductor joint venture, which will set up a wafers manufacturing plant at an estimated cost of ₹3,706 crore at Jewar in Uttar Pradesh.

The proposed HCL-Foxconn semiconductor plant will manufacture display driver chips for mobile phones, laptops, automobiles, and other devices, said I&B Minister Ashwini Vaishnaw while briefing the media on the decision taken by the Union Cabinet.

The unit will process 20,000 wafers per month and create about 2,000 jobs.

The government on Wednesday approved an HCL-Foxconn semiconductor joint venture, which will set up a wafers manufacturing plant at an estimated cost of ₹3,706 crore at Jewar in Uttar Pradesh.

The proposed HCL-Foxconn semiconductor plant will manufacture display driver chips for mobile phones, laptops, automobiles, and other devices, said I&B Minister Ashwini Vaishnaw while briefing the media on the decision taken by the Union Cabinet.

The unit will process 20,000 wafers per month and create about 2,000 jobs.