New Delhi, April 27 -- In a major boost to India's semiconductor ambitions, Japanese electronics giant Sharp is reportedly eyeing a USS 3-5 billion investment to set up a display fabrication unit in the country.

The proposed facility, slated to span 1,000 acres, would be even larger than Sharp's existing factory in Japan, reported TOI.

According to sources, top Sharp officials met with Communications Minister Ashwini Vaishnaw this week to discuss the ambitious project.

The company intends to leverage the Indian factory as a global manufacturing hub, catering to both domestic demand and exports across key international markets.

"The company is scouting for land to create a large manufacturing set-up spread across 1,000 acres which will...