look news india
With an aim to revive the semiconductor ecosystem, the Union Cabinet chaired by the Prime Minister Narendra Modi has approved the proposal of Kens Semicon Pvt Ltd to set up a semiconductor unit at Sanand, Gujarat.
The company will invest Rs 3,300 crore
The proposed unit will be set up with an investment of Rs 3,300 crore. The unit will have a capacity to manufacture 60 lakh chips per day. The chips manufactured in this unit will cater to a wide range of applications, including segments such as industrial, automotive, electric vehicles, consumer electronics, telecom, mobile phones, etc.
In June 2023, the Union Cabinet approved the first proposal to set up a semiconductor unit at Sanand in Gujarat.
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. Then in June, 2023, the Union Cabinet approved the first proposal to set up a semiconductor unit in Sanand, Gujarat.
Three more semiconductor units approved in February 2024
Three more semiconductor units were approved in February 2024. In which Tata Electronics is setting up a semiconductor fab in Dholera, Gujarat and a semiconductor unit in Morigaon, Assam. CG Power is setting up a semiconductor unit in Sanand, Gujarat.
These units have a capacity of around 7 crore chips per day
The construction of all 4 semiconductor units is going on at a fast pace and a strong semiconductor ecosystem is emerging near the units. These 4 units will invest around Rs 1.5 lakh crore. The cumulative capacity of these units is to produce about 7 crore chips per day.
