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The Union Cabinet of India approved the establishment of a semiconductor unit as a joint venture of HCL and Foxconn near Jewar airport in Yamuna Expressway Industrial Development Authority (YEIDA), Uttar Pradesh. The plant will manufacture display driver chips with a design output capacity of 36 million units per month and 20,000 wafers per month, attracting an investment of Rs 3,700 crore.
“The Union Cabinet chaired by the Prime Minister Shri Narendra Modi today approved the establishment of one more semiconductor unit under India Semiconductor Mission.”pib.gov.in
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