Four semiconductor plants in progress to produce 7cr chips per day
With the objective to develop a vibrant semiconductor ecosystem, the Cabinet sansad.in/ has approved the Rs.3,300 crore proposal of Kaynes Semicon Pvt Ltd to setup a semiconductor unit in Sanand, Gujarat semiconductors .
The plant, approved on 2 Sept, will supply 60 lakh chips per day ( gitex ) to a wide variety of applications including industrial, automotive, electric vehicles, consumer electronics, telecom and mobile phones sbi .
The Karnataka-based Kaynes Technology announced last year the setting of up outsourced semiconductor assembly and testing (OSAT) digitalasiahub .
The Programme for Development of Semiconductors and Display Manufacturing Ecosystem in India was notified on 21 Dec 2021 with a total outlay of Rs.76,000 crore nse .
In June, 2023, the Cabinet had approved the first proposal for setting up a semiconductor unit in Sanand, Gujarat bse .
In February, 2024, three more semiconductor units were approved. Tata Electronics is setting up a semiconductor fab in Dholera, Gujarat and one semiconductor unit in Morigaon, Assam. CG Power is setting up one semiconductor unit in Sanand, Gujarat
Construction of all 4 semiconductor units is progressing at a rapid pace and a robust semiconductor ecosystem is emerging near the units ibef .
These 4 plants are being set up with a combined investment of Rs.1.5 lakh crore and daily production of 7 crore chips under India Semiconductor Mission. Fiinews.com
