Central Govt Approves 3 Semiconductor Plants to be Set Up With Rs 1.26 Lakh Cr Investment

New Delhi: The Central Government on Thursday approved three proposals for semiconductor plants to be set up at an investment of around Rs 1.26 lakh crore. Two of them are to be established in Gujarat and one in Assam.

The proposals include India’s first semiconductor fab by Tata Group and Taiwan’s PSMC in Gujarat’s Dholera at a projected cost of Rs 91,000 crore.

Tata JV will be making India’s first semiconductor fab in Dholera with a capacity of 50,000 wafers per month, said IT minister Ashwini Vaishnaw while speaking to newsmen after the cabinet meeting.

“The cabinet has decided to set up a semiconductor fab in the country. The first commercial semiconductor fab will be set up by Tata and Powerchip-Taiwan, whose plant will be in Dholera. After the Micron semiconductor plant in Sanand, now a fab to come up in Dholera,” said Vaishnaw.

CG Power and Japan’s Renesas will set up a semiconductor plant in Gujarat’s Sanand at an estimated cost of Rs 7,600 crore producing 15 million chips per day, added Vaishnaw.

The Cabinet also approved Tata Semiconductor Assembly and testing unit in Assam at an investment of Rs 27,000 crore, announced Vaishnaw.

US-based memory chip maker Micron is also setting up a Rs 22,516-crore chip assembly plant in India.