The Union cabinet on Wednesday approved a semiconductor plant worth Rs 3,706 crore at Jewar in Uttar Pradesh to be set up by the HCL-Foxconn joint venture to manufacture display driver chips for mobile phones, laptops, and automobiles. The plant houses the capability to manage 20,000 wafers per month along with producing 3.6 crore chips per month, according to Information and Broadcasting Minister Ashwini Vaishnaw.
"The Cabinet has approved a sixth semiconductor plant that will be set up in Jewar, Uttar Pradesh. It is a joint venture between HCL and Foxconn to manufacture display driver chips. These chips control the quality and format of the content displayed on screen. It is a very advanced technology that is being set up," Vaishnav stated.
What we understand is that once this unit is there, then the display panel plant will also come to India. This will meet 40 per cent of India's capacity. It is a large plant. It will also meet the requirements of Foxconn for the rest of the world,” he added further.
Vaishnav claimed that the plant will become operational in 2027 and generate employment for 2000 people. “Semiconductors are basic components. It will have a multiplier effect on the entire electronics manufacturing in the country,” he said.
According to data, The electronics manufacturing industry in India, at present, employs around 25 lakh people.
With Inputs from PTI.
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