Foxconn, the world's largest contract electronics manufacturer, has received approval from the Indian government to build a semiconductor plant in a joint venture with HCL Group, drawing an investment of 37.06 billion rupees ($433 million). The plant, which will be built in India's northern state of Uttar Pradesh, will be operational by 2027, Ashwini Vaishnaw, India's information minister, said in a cabinet briefing on Wednesday. The deal comes as Apple suppliers including Foxconn are increasingly turning to India in a shift away from China, amid persistent trade tensions between Beijing and Washington. Vaishnaw said the facility will manufacture Foxconn's display driver chips, which are used in mobile phones, laptops, automobiles, PCs, and other consumer electronics. A presentation by the minister explained the plant will be designed to produce up to 20,000 wafers and 36 million display driver chips per month. Wafers are thin, circular slices of semiconductor material, usually silicon, which form the base of chips.