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Thursday, May 30, 2024

Cabinet Approves Setting Up of Three Semiconductor Plants in India

Ashwini Vaishnaw, Minister of Electronics and Information Technology, stated on Thursday that the Cabinet has authorized the establishment of three semiconductor factories in India. He stated that building of these plants will begin in the next 100 days.

“Today, the Prime Minister made a significant decision to establish a semiconductor fab in the nation. Tata and Powerchip-Taiwan will establish the first commercial semiconductor fab, with the unit located in Dholera, according to the minister.

Tata Electronics Private will set up a semiconductor fab in Dholera, Gujarat in partnership with Taiwan-based Powerchip Semiconductor Manufacturing Corp. 

Tata Semiconductor Assembly and Test Pvt Ltd will set up a Rs 27,000 crore semiconductor unit in Morigaon, Assam. Mumbai-based CG Power will set up a semiconductor unit in Sanand, Gujarat in a tie-up with Renesas Electronics Corp, Japan, and Stars Microelectronics, Thailand.

These units will generate direct employment of 20,000 advanced technology jobs and about 60,000 indirect jobs.

Vaishnaw also said that the total investment in three semiconductor units is estimated to be Rs 1.26 trillion. Moreover, Tata Electronics’ plant will have a capacity of producing 50,000 wafers per month. One wafer has 5,000 chips so the total will be around 3 billion chips per annum. 

TSA’s pllant will produce 48 million chips per day and CG Power’s 15 million chips per day.

Out of the total, Rs 91,000 crore will be invested in Dholera, Rs 27,000 crore in Assam and Rs 7,600 crore in Sanand. 

These factories will be additional to the Rs 22,516 crore plant announced by US-based Micron in Sanand last year. 

In 2022, Prime Minister Narendra Modi announced a semiconductor policy which attracted global attention.

At an event on Wednesday, Minister of State for Electronics & Technology Rajeev Chandrasekhar said, “Today, investment proposals of more than Rs 2.50 trillion have been received by the Government of India from global semiconductor majors. India is fast becoming a semiconductor nation. Just two years ago, it was not even present in the semiconductor ecosystem of the world.”

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