On Monday, September 01, the Union Cabinet approved Kaynes Semicon Pvt Ltd‘s proposal to establish a new semiconductor unit in Sanand, Gujarat. This unit will require an estimated investment of 3,300 INR-Crore and will boast a capacity of 60 lakh chips daily.
The semiconductor units will cater to various applications, including industrial, automotive, electric vehicles, consumer electronics, telecom, and mobile phones. Ashwini Vaishnaw, the Minister of Electronics and Information Technology, stated that the semiconductor mission is set for the next decade. Soon, the next phase of this mission will be introduced in the country.
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Additionally, in February 2024, the government approved three more semiconductor units. Tata Electronics is developing a semiconductor fab in Dholera, Gujarat, while another unit is being set up in Morigaon, Assam. CG Power is also constructing a semiconductor unit in Sanand, Gujarat. Collectively, these new semiconductor units will attract nearly 1.5 Lakh INR-Crore in investments. Together, they will have a total capacity to produce around 7 crore chips per day.
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