29.02.2024
The Indian government, led by Prime Minister Modi, has approved the establishment of three semiconductor units under the 'Development of Semiconductors and Display Manufacturing Ecosystems in India' initiative, with construction to begin within the next 100 days. This program, launched in December 2021 with a budget of Rs. 76.000 crore, aims to build a robust semiconductor ecosystem in India. Significant projects include Tata Electronics partnering with Taiwan's Powerchip to construct a semiconductor fab in Gujarat, set to receive an investment of Rs.91.000 crore. Additionally, Tata's TSAT will develop advanced semiconductor packaging technologies in Assam with an investment of Rs.27.000 crore, while CG Power will collaborate with Renesas and Stars Microelectronics for a specialized chip unit in Gujarat, investing Rs.7.600 crore. These units are expected to create around 20.000 direct and 60.000 indirect jobs, enhancing India's capabilities in chip design and fabrication, and boosting employment in related industries.
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