India Embarks On Semiconductor Manufacturing With Three New Plants
India announces the creation of three semiconductor plants in Gujarat and Assam, marking a significant step in its journey to boost local electronics production.
Stay updated with breaking news from Tata Electronics. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
India announces the creation of three semiconductor plants in Gujarat and Assam, marking a significant step in its journey to boost local electronics production.
The government has approved the proposals to set up three semiconductor fabrication plants in India, at an estimated cost of Rs 1.26 lakh crore.
The combined production of the three power plants is etimated to be 50,000 wafers per month, which translates to around 3 billion chips annually.
Tata Electronics' Rs 91,000-crore project will be set up in Gujarats Dholera district in partnership with Taiwanese Powerchip Semiconductor Manufacturing Corp (PSMC), Union communications and IT minister Ashwini Vaishnaw said in a press briefing on Thursday.
India Business News: The Indian government has taken a significant step toward becoming self-reliant in semiconductor production by approving the establishment of three semiconductor fabrication units. The approval, announced on February 29 by the Union Cabinet, involves an investment of Rs 1.26 lakh crore ($15.2 billion). The move is aimed at reducing India's heavy dependence on imported chips, essential for various sectors such as defence, automobiles, and telecommunications.