New Delhi, May 14 -- The Union Cabinet has approved a semiconductor manufacturing unit in Jewar, Uttar Pradesh, India's sixth.

It will be a joint venture of HCL and Foxconn, to be set up near Jewar airport. Production will start from 2027.

HCL has a long history of developing and manufacturing hardware. Foxconn is a global major in electronics manufacturing. Together they will set up a plant near Jewar airport in Yamuna Expressway Industrial Development Authority or YEIDA.

The chip unit will attract investment worth Rs 3,700 crore.

The works on other five units are currently underway, and of them is expected to be inaugurated later this year, Union Minister Ashwini Vaishnaw told reporters after the Caninet meeting, chaired by Prime Mi...