HCL-Foxconn Semiconductor JV Approved: Rs 3,706 Crore Plant in Jewar

New Delhi, May 14 (PTI) The government on Wednesday approved an HCL-Foxconn semiconductor joint venture, which will set up a wafers manufacturing plant at an estimated cost of Rs 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, a release said.