Cabinet Approves HCL-Foxconn’s INR 3,700 Semiconductor Plant In UP

The cabinet, led by PM Modi, will be set up under India Semiconductor Mission

The unit will come up near Jewar Airport in Uttar Pradesh’s Noida

The plant is set to have a design output capacity of 36 Mn units per month, designing 20,000 wafers per month

The Union cabinet has given its approval to HCL and Foxconn joint venture (JV) to set up a semiconductor unit under the India Semiconductor Mission. The unit, which will see the two entities cumulatively invest INR…