Lucknow, May 15 -- The Union Cabinet on Wednesday approved the establishment of a Rs 3,706 crore semiconductor manufacturing facility in Jewar, Uttar Pradesh.

The project will be developed through a joint venture between HCL and Foxconn, marking India's sixth semiconductor plant under the government's initiative to build domestic semiconductor capabilities.

The facility will be situated on a 48-acre plot in Sector 28 under the Yamuna Expressway Industrial Development Authority (YEIDA) and is projected to create employment opportunities for approximately 2,000 individuals.

With a design output capacity of 36 million units per month, the plant will specialise in manufacturing display driver chips for mobile phones, laptops, automobiles, ...