The Union Cabinet approved a new semiconductor plant in Uttar Pradesh’s Jewar to be jointly set up by HCL Group and Foxconn. The newly approved facility will come up at an investment of Rs 3,700 crore.This is the sixth unit approved under the India Semiconductor Mission, with five semiconductor facilities in advanced stages of construction. Three of these units—by Micron Technologies, Kaynes Technologies and a combination of CG Power-Renesas Electronics and Star Microelectronics—are based in Sanand, Gujarat. The Tata Group is building one…
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