Foxconn, HCL team up for chip unit in India at an investment of Rs 3,700 crore

Taiwanese electronics major Foxconn will take another shot at India’s growing semiconductor space, this time partnering HCL to set up a display drivers chip plant in India at an investment of ₹3,700 crore.

The Union cabinet on Wednesday approved a joint venture plant between HCL and Foxconn that will be built near Jewar airport under the Yamuna Expressway Industrial Development Authority (YEIDA) in Uttar Pradesh. The plant will manufacture display driver chips for mobile phones, laptops, automobiles, PCs and other devices with displays.