The Indian government has approved a significant investment of Rs33 billion ($393 million) for a new semiconductor manufacturing facility in Sanand, Gujarat. This funding is part of an incentive scheme introduced in December 2021.
The new facility, operated by Kaynes Semicon, is expected to produce 6 million chips per day. It will cater to various sectors, including industrial applications, automotive, electric vehicles, consumer electronics, telecommunications, and mobile phones. The facility will also increase India's demand for key semiconductor materials such as silicon, antimony, and germanium.
Previously, the Indian government had approved three other semiconductor manufacturing units: two by Tata Electronics in Dholera, Gujarat, and Morigaon, Assam, and one by CG Power in Sanand. Additionally, the Union Cabinet approved the country's first semiconductor assembly unit in Sanand in June 2023.
This new facility will be funded under a Rs76 billion scheme aimed at developing semiconductor and display manufacturing in areas of "strategic importance and economic self-reliance," as approved by the Union Cabinet on December 15, 2021.
The four manufacturing units, with a total investment of nearly Rs1.5 trillion, will collectively have a production capacity of about 70 million chips per day, bolstering India's chip-making ecosystem.
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