ADD ANI AS A TRUSTED SOURCE
googleads
ANI Logo
Menu
Business

Cabinet approves setting up of three more semiconductor units in India

The Union Cabinet chaired by Prime Minister Narendra Modi has approved the establishment of three semiconductor units under 'Development of Semiconductors and Display Manufacturing Ecosystems in India.

ANI Feb 29, 2024 16:51 IST googleads

Union Minister Ashwini Vaishnaw (Photo/ANI)

New Delhi [India], February 29 (ANI): The Union Cabinet chaired by Prime Minister Narendra Modi has approved the establishment of three semiconductor units under 'Development of Semiconductors and Display Manufacturing Ecosystems in India.
The three semiconductor units will be established at Dholera in Gujarat, Morigaon in Assam and Sanand in Gujarat.
Union Minister for Electronics and Information Technology, Ashwini Vaishnaw said that all three units will start construction within next 100 days and also highlighted the importance of setting up of a semiconductor unit in Assam.
"All three units will start construction within the next 100 days. Northeast will get its first semiconductor Unit in Assam. Investment in the Assam unit will be 27,000 crore. Chips produced from here will be used by the big automobile companies across the globe. Whenever we used to talk about investment in North-East the concept of technological investment was never discussed. This tradition has been changed by Prime Minister Modi," Vaishnaw said.
Tata Electronics Private Limited (TEPL) will set up a semiconductor fab in partnership with Powerchip Semiconductor Manufacturing Corp (PSMC), Taiwan. This fab will be constructed in Dholera, Gujarat. The investment in this fab will be Rs 91,000 crore. It will have a capacity of 50,000 wafer starts per month (WSPM). This unit will produce high performance compute chips with 28 nm technology. It will produce Power management chips for electric vehicles (EV), telecom, defence, automotive, consumer electronics, display, power electronics, etc, the press release read.
Tata Semiconductor Assembly and Test Pvt Ltd ("TSAT") will set up a semiconductor unit in Morigaon, Assam. This unit will be set up with an investment of Rs 27,000 crore. This unit will cover segments such as Automotive, electric vehicles, consumer electronics, telecom, mobile phones, etc. It's capacity will be 48 million per day.
CG Power, in partnership with Renesas Electronics Corporation, Japan and Stars Microelectronics, Thailand will set up a semiconductor unit in Sanand, Gujarat. This unit will be set up with an investment of Rs 7,600 crore. The CG power semiconductor unit will manufacture chips for consumer, industrial, automotive and power applications. It's capacity is 15 million per day.
Cabinet in its release also highlighted the strategic importance of these three units.
"Within a very short time, India Semiconductor Mission has achieved four big successes. With these units, the semiconductor ecosystem will get established in India. India already has deep capabilities in chip design. With these units, our country will develop capabilities in chip fabrication. Advanced packaging technologies will be indigenously developed in India with today's announcement," it said.
These units will generate direct employment of 20 thousand advanced technology jobs and about 60 thousand indirect jobs. These units will accelerate employment creation in downstream automotive, electronics manufacturing, telecom manufacturing, industrial manufacturing, and other semiconductor consuming industries, the release said.
The Programme for Development of Semiconductors and Display Manufacturing Ecosystem in India was notified on 21.12.2021 with a total outlay of Rs 76,000 crore.
"In June, 2023, the Union Cabinet had approved the proposal of Micron for setting up a semiconductor unit in Sanand, Gujarat. Construction of this unit is progressing at a rapid pace and a robust semiconductor ecosystem is emerging near the unit," the release added. (ANI)

Get the App

What to Read Next

Business

India pushes for green ship recycling, euro-compliant yards

India pushes for green ship recycling, euro-compliant yards

India is rapidly expanding its ship recycling sector and upgrading shipbreaking yards to meet European environmental standards, as part of a broader effort to strengthen its maritime industry and reduce logistics costs, Sushant Kumar Purohit, Chairperson of VO Chidambaranar Port Authority, said today.

Read More
Business

Kody Technolab Ltd. Launches Medigo Robot

Kody Technolab Ltd. Launches Medigo Robot

Ahmedabad (Gujarat) [India], March 12: Kody Technolab Limited today announced the launch of Medigo Robot, a health screening robot developed to enable rapid preventive health assessments and expand access to routine screening across healthcare, public, and institutional environments.

Read More
Business

O2h Group Hosts the 8th O2h Collaborative Innovation Conference

O2h Group Hosts the 8th O2h Collaborative Innovation Conference

Ahmedabad (Gujarat) [India], March 12: The 8th edition of the o2h Collaborative Innovation Conference concluded in Ahmedabad, bringing together an eclectic gathering of entrepreneurs, scientists, venture investors, policymakers and changemakers for a day of dialogue, debate and shared curiosity.

Read More
Business

Memory chip shortage driven by rising AI demand

Memory chip shortage driven by rising AI demand

The global shortage of memory chips is largely being driven by the rapid rise in artificial intelligence (AI) workloads, which has significantly increased demand for advanced memory solutions, according to Ashok Chandak, President of the India Electronics and Semiconductor Association (IESA) and SEMI India.

Read More
Business

India to have capacity of 75–80 mn chips per day: IESA President

India to have capacity of 75–80 mn chips per day: IESA President

India's semiconductor ecosystem is expected to achieve a production capacity of 75-80 million chips per day as several newly announced semiconductor plants begin operations by the end of this year or early next year, according to Ashok Chandak, President of the India Electronics and Semiconductor Association (IESA) and SEMI India.

Read More
Business

India’s semicon journey to move towards design-led manufacturing

India’s semicon journey to move towards design-led manufacturing

India's semiconductor ecosystem is set to move towards design-led manufacturing, where chips are designed and manufactured within the country and then supplied globally, according to Ashok Chandak, President of the India Electronics and Semiconductor Association (IESA) and SEMI India.

Read More
Business

Digital India advancing digital inclusion, public infrastructure

Digital India advancing digital inclusion, public infrastructure

The Digital India programme is successfully advancing digital inclusion and strengthening the nation's Digital Public Infrastructure (DPI) through a strategic focus on accessibility and affordability. Union Minister for Electronics and Information Technology Ashwini Vaishnaw said in Lok Sabha today, noting that the initiative has bridged the digital divide by increasing internet access and providing robust digital solutions.

Read More
Business

Radheeka Environment develops patented Air Treatment Plant

Radheeka Environment develops patented Air Treatment Plant

Ahmedabad (Gujarat) [India], March 11: A remarkable breakthrough has occurred in the field of environmental science that could redefine the way pollution is controlled. Ahmedabad-based Radheeka Environment Private Limited has developed an innovative machine called AIR TREATMENT PLANT (ATP) that not only cleans air and dust but also operates using dirty water (wastewater) and in return releases purified water.

Read More
Business

VIBGYOR High Vadodara Students Shine in Prestigious National Exam

VIBGYOR High Vadodara Students Shine in Prestigious National Exam

Vadodara (Gujarat) [India], March 11: Under the visionary leadership of Rustom Kerawalla, Founder Chairman of VIBGYOR Group of Schools, students from VIBGYOR High Vadodara have delivered exceptional results by securing admissions to some of India's most prestigious institutions--all without external coaching.

Read More
Business

Amethyst Wellness: Where Luxury Ayurveda Meets Scientific

Amethyst Wellness: Where Luxury Ayurveda Meets Scientific

New Delhi [India], March 11: In today's fast-paced world, lifestyle disorders, hormonal imbalance, fatigue, gut issues, and premature aging are becoming increasingly common. Gujarat is witnessing a growing demand for structured preventive healthcare solutions that go beyond relaxation and cosmetic treatments.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.