Cabinet Greenlights Rs 1.26 Lakh Crore Investment in Semiconductor Manufacturing: A Boost for India's Tech Ecosystem
India takes a significant leap forward as the Union Cabinet approves three semiconductor manufacturing plants, injecting an estimated Rs 1.26 lakh crore into the burgeoning tech industry.
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1. Tata and Taiwan's Powerchip to Establish India’s First Semiconductor Fab in Dholera, Gujarat
- Investment: A whopping Rs 91,000 crore will be infused into this joint venture.
- Capacity: The facility in Dholera is expected to produce 50,000 wafers per month, showcasing India's prowess in high-performance computing chips and power management chips for a variety of sectors, including electric vehicles, telecom, defence, and consumer electronics.
- Employment: The project is not just about technology; it's a job generator, with 26,000 direct jobs and a significant indirect impact, employing nearly 1 lakh individuals.
2. Tata's Semiconductor Unit in Assam: A Strategic Move for Advanced Packaging Technologies
- Investment: Assam gets a boost with Rs 27,000 crore investment in Tata Semiconductor Assembly and Test Pvt. Ltd’s chip assembly and testing unit.
- Technology: The unit in Morigaon, Assam, focuses on advanced semiconductor packaging technologies, including flip chip and ISIP (integrated system in package) technologies.
- Capacity: With a capacity of 48 million per day, this unit will cater to segments like automotive, electric vehicles, consumer electronics, telecom, and mobile phones.
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3. CG Power and Renesas Join Forces for a Semiconductor Plant in Sanand, Gujarat
- Investment: CG Power collaborates with Renesas Electronics Corp., Japan, and Stars Microelectronics, Thailand, in a Rs 7,600 crore project in Gujarat's Sanand.
- Technology: Renesas, a key player in microcontrollers, analogue, power, and system-on-chip products, brings its expertise to the table.
- Capacity: The Sanand unit aims to produce 15 million chips per day, addressing the diverse needs of consumer, industrial, automotive, and power applications.
4. India Semiconductor Mission Achieves Milestones in Chip Ecosystem Development
- Successes: With a focus on chip design, the India Semiconductor Mission attains four significant milestones, fostering a robust semiconductor ecosystem.
- Job Creation: The approved units are not just about technology and investment; they are set to create 20 thousand advanced technology jobs directly and approximately 60 thousand indirect jobs.
- This will catalyse employment growth in downstream industries such as automotive, electronics manufacturing, telecom manufacturing, and other semiconductor-consuming sectors.
- Advanced Packaging Technologies: The government emphasizes that indigenously developed advanced packaging technologies will be a key outcome of these semiconductor initiatives.
In summary, the Union Cabinet's approval of these semiconductor projects marks a pivotal moment for India's tech landscape, promising innovation, job creation, and a solid foundation for the country's future in semiconductor manufacturing.
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