Cabinet Approves Three Semiconductor Units

• 02 Mar 2024

On 29th February, Union Cabinet approved establishment of three semiconductor units, marking significant progress for India's Semiconductor Mission.

• Programme aims to develop semiconductor and display manufacturing ecosystems in India with an outlay of Rs. 76,000 crore.
• Construction to commence within next 100 days.
• Approved units include a semiconductor fab, ATMP units in Gujarat and Assam, and specialized chip unit in Gujarat.
• Tata Electronics, Tata Semiconductor Assembly and Test, and CG Power among key players partnering in the initiative.
• Investments totalling Rs. 125,600 crore expected, fostering advanced technology and job creation.
• Strategic importance highlighted, emphasizing establishment of semiconductor ecosystem in India.
• Estimated direct employment in 20,000 advanced technology jobs and 60,000 indirect jobs expected.