FILE PHOTO: The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company's headquarters in New Taipei City, Taiwan March 29, 2016. REUTERS/Tyrone Siu/File photo
NEW DELHI (Reuters) -India's cabinet on Wednesday approved a new semiconductor unit, a joint venture between HCL Technologies and Foxconn, costing 37.06 billion rupees ($434.72 million) and to be located in the northern state of Uttar Pradesh, information minister Ashwini Vaishnaw said.
($1 = 85.2500 Indian rupees)
(Reporting by CK Nayak and Tanvi Mehta; Editing by YP Rajesh)
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