Why in news The Union Cabinet approved a display driver chip manufacturing unit in Jewar, Uttar Pradesh . The unit will be a joint venture...
Why in news
The Union Cabinet approved a display driver chip manufacturing unit in Jewar, Uttar Pradesh.
The unit will be a joint venture between HCL (Indian) and Foxconn (Taiwanese).
It will attract ₹3,700 crore investment and produce 36 million chips per month from 20,000 wafers.
The unit is the sixth under the ₹76,000 crore India Semiconductor Mission's first phase.
Chips produced will be used in laptops, PCs, phones, and automobiles.
It is the first semiconductor plant in Uttar Pradesh.
The unit will help address a gap in India's display and electronics value chain.
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