India, May 14 -- The Union Cabinet on Wednesday approved a semiconductor manufacturing facility to be built by Indian tech major HCL and Taiwanese electronics manufacturer Foxconn under the India Semiconductor Mission (ISM).

IT minister Ashwini Vaishnaw, who announced the cabinet decision on Wednesday, said the facility will be located near Jewar airport, an "up and coming area" within the Yamuna Expressway Industrial Development Authority (YEIDA) region.

This is the sixth semiconductor unit being planned in the country under ISM and will begin commercial production in 2027. It will serve as an Outsourced Semiconductor Assembly and Test (OSAT) facility for display driver integrated circuits (ICs).

This is Foxconn's second attempt to se...