India’s strides in world of semiconductors continue: PM Modi

New Delhi, May 14: Prime Minister Narendra Modi Wednesday said that Indiaís strides in the world of semiconductors continue after the Union Cabinet chaired by the PM approved a Rs 3706 crore semiconductor plant in Uttar Pradesh.

In a post on X, the PM said, India's strides in the world of semiconductors continue! Today's Cabinet decision regarding the establishment of a semiconductor unit in Uttar Pradesh will boost growth and innovation. It will create innumerable opportunities for the youth as well.

The plant will be built at Jewar in Gautam Buddha Nagar district by the HCL-Foxconn joint venture to manufacture display driver chips for mobile phones, laptops, and automobiles. It will have the capacity to handle 20,000 wafers per month, and produce 3.6 crore chips a month, Information and Broadcasting Minister Ashwini Vaishnaw said while briefing the media on the Cabinet decision.