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<h1>HCL-Foxconn Semiconductor Joint Venture Approved to Boost Electronics Manufacturing with Rs 3,706 Crore Wafer Plant</h1> The government approved an HCL-Foxconn semiconductor joint venture to establish a wafer manufacturing plant in Jewar, Uttar Pradesh. The Rs 3,706 crore facility will produce display driver chips for mobile phones, laptops, and automobiles. The plant will process 20,000 wafers monthly and generate approximately 2,000 jobs.