Dholera, Sanand semiconductor plants to start chip production by late 2024, 2026: Ashwini Vaishnaw
Vedanta-Foxconn joint venture, is expected to have an investment of around $20 billion. In a significant boost to India's efforts to establish a robust semiconductor ecosystem, Prime Minister Narendra Modi on Wednesday laid the foundation stones for three new chip manufacturing plants, two in Gujarat and one in Assam. The event, titled 'India's Techade: Chips for Viksit Bharat,' marked a milestone in the country's endeavour to ramp up its semiconductor industry.
Meanwhile, American chipmaker Micron's high-end semiconductor fabrication plant at Sanand, Gujarat, India's first such facility, is progressing rapidly and is expected to be operational by late 2024. Micron Technology is investing USD 2.5 billion (INR 22,500 crore) in this assembly, test, marking, and packaging (ATMP) facility. "This is a historic day as we are taking a strong step towards a bright future," Modi said during the virtual event, emphasizing the importance of the 'Made in India' semiconductor chips in propelling the nation towards self-reliance and modernity.
The trio of facilities, totalling a financial commitment of approximately ₹1.25 lakh crore, are integral to the government's ambitious 'Development of Semiconductors and Display Manufacturing Ecosystems in India' initiative. Launched in December 2021, the program boasts a total budget of Rs. 76,000 crore.
"When India commits, India delivers and democracy also delivers," Modi stated, reaffirming the government's commitment to making the country a semiconductor manufacturing hub. Tata Electronics Private Limited (TEPL) will set up a semiconductor fab in partnership with Powerchip Semiconductor Manufacturing Corp (PSMC), Taiwan, in Dholera, Gujarat, with an investment of ₹91,000 crore. CG Power, in
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