Cabinet greenlights three semiconductor units in India with Rs 1.26 lakh crore investment

In a significant decision, Union Cabinet on February 29 approved the establishment of three semiconductor units, under ‘Development of Semiconductors and Display Manufacturing Ecosystems in India’.
Electronics and IT Minister Ashwini Vaishnaw on February 29 informed that all three units will start construction within the next 100 days and the first one will be in Gujarat’s Dholera. The first semiconductor fab will be made by Tata and Power Chip. The union minister also said that cumulative investment in all three units will be Rs 1.26 lakh crore.
“Today the Prime Minister has taken an important decision to set up semiconductor fabs in the country. The first semiconductor fab will be made by Tata and Power Chip, whose plant will be in Dholera... All three units will start construction within the next 100 days. 50,000 wafer per month will be manufactured. 300 crore chips will be manufactured annually through this facility. Northeast will get its first semiconductor Unit in Assam. 48 million chips per day will be manufactured from here. Cumulative investment in all three units will be one lakh twenty-six thousand crore. The breakdown is investment in FAB will be 91,000 crore. Investment in the Assam unit will be 27,000 crore. Investment in the Sanand unit will be Rs 7,600 crore...” said Ashwini Vaishnaw.

#ashwinivaishnaw #semiconductor #india

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