Cabinet approved Kaynes Semicon Pvt Ltd’s proposal to setup a semiconductor unit in Sanand, Gujarat.
With this decision, government aims to develop vibrant semiconductor ecosystem.
The proposed unit will be established with an investment of 3,300 crore rupees.
This unit can produce 60 lakh chips in a day. This unit will manufacture chips that are suitable for a broad range of applications.
These cover markets like telecom, mobile phones, consumer electronics, automotive, electric vehicles, and industrial.
With a 76 thousand crore rupee total expenditure, the Programme for Development of Semiconductors and Display Manufacturing Ecosystem in India was announced in December 2021.
All four semiconductor units are under construction. About 1.5 lakh crore rupees will be invested in these four units.
These units have a daily capacity of roughly seven crore chips.
