BENGALURU -- India on Wednesday approved the establishment of a new semiconductor factory by Taiwanese contract manufacturer Foxconn and local company HCL Group, in line with the government's strategy to position the country as an electronics manufacturing hub.
Semiconductors
India approves Foxconn-HCL semiconductor JV setup
New Delhi says $433m will be invested into unit to produce 20,000 wafers monthly
India has approved the setup of a semiconductor venture between HCL Technologies and Foxconn in the northern state of Uttar Pradesh. (Nikkei montage)
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