Nod to ₹1.26-trillion chip-making units
Financial Express Mumbai|March 01, 2024
Includes the country's first ₹91,000-crore semiconductor fabrication plant by Tata
JATIN GROVER
Nod to ₹1.26-trillion chip-making units

THE UNION CABINET on Thursday approved semiconductor projects worth ₹1.26 trillion, including the country's first ₹91,000-crore semiconductor fabrication proposal by Tata Electronics in partnership with Taiwan-based Powerchip Semiconductor Manufacturing Corp (PSMC). Along with the Micron project approved last year, the total value of chip projects as on date stands at ₹1.49 trillion.

The other major project to be cleared was also by the Tata Group -the ₹27,000-crore assembly, test, marking and packaging (ATMP) project by Tata Semiconductor Assembly and Test. The third, which carries an investment of ₹7,600 crore, was of CG Power in partnership with Japan-based Renesas Electronics and Thailand's Stars Microelectronics.

The first fab project that will manufacture higher compute chips with 28 nm technology will be set up in Dholera, Gujarat, for which the construction is expected to start in the next 100 days, the government said.

The fab will have a capacity of 50,000 wafers per month and produce 3 billion chips every year, which will cater to industries like high-performance computing, electric vehicles, defence, and consumer electronics, among other things.

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