New Delhi, May 14 -- In a significant stride for India's semiconductor ambitions, the government has approved a new semiconductor manufacturing unit with a financial outlay of Rs3,706 crore.

This facility will be established near Uttar Pradesh's Jewar Airport through a joint venture between the HCL Group and Taiwanese electronics giant Foxconn. The sixth unit is expected to generate employment for around 2,000 people and will help significantly in strengthening India's semiconductor ecosystem.

The unit at Jewar will have 20,000 wafers per month capacity, and the chips 36 million (3.6 crore) per month, the minister said.

This project aligns with the goals of the India Semiconductor Mission, which aims to incentivize the development of a...