Cabinet clears HCL Group-Foxconn semiconductor plant in UP

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India’s efforts to establish itself as a global semiconductor hub received another boost this week, as the Union Cabinet approved a new chip manufacturing facility in Uttar Pradesh’s Jewar region. The project is a joint venture between HCL Group and Taiwanese electronics giant Foxconn.

The upcoming unit will be India’s sixth semiconductor facility and will involve an investment of ₹3,706 crore. It will manufacture display driver chips — components used in smartphones, laptops, personal computers, and vehicles — with a planned production…



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Cabinet clears HCL Group-Foxconn semiconductor plant in UP


India’s efforts to establish itself as a global semiconductor hub received another boost this week, as the Union Cabinet approved a new chip manufacturing facility in Uttar Pradesh’s Jewar region. The project is a joint venture between HCL Group and Taiwanese electronics giant Foxconn.

The upcoming unit will be India’s sixth semiconductor facility and will involve an investment of ₹3,706 crore. It will manufacture display driver chips — components used in smartphones, laptops, personal computers, and vehicles — with a planned production…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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