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Semiconductor equipment. Image used for representative purpose only.
| Photo Credit: REUTERS
The approval flows from the India Semiconductor Mission’s modified scheme for setting up semiconductor fabs, which provides for 50% capital investment fiscal support; the scheme has an outlay of ₹76,000 crore. The plant will see an initial investment of ₹3,300 crore.
The facility will have a capacity of six million chips a day. “The chips produced in this unit will cater to a wide variety of applications, which include segments such as industrial, automotive, electric vehicles, consumer electronics, telecom, mobile phones, etc.,” the government said in a press note.
Earlier in February, the Centre approved three semiconductor units. While Tata Electronics is receiving support under the scheme for setting up a semiconductor fab at Dholera in Gujarat and a semiconductor unit at Morigaon in Assam, CG Power is being assisted for setting up a semiconductor unit in Sanand.
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