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Cabinet greenlights Tata Group's chip fab unit in Gujarat; first semicon plant in northeast approved

Economic TimesEconomic Times · 1y ago
Cabinet greenlights Tata Group's chip fab unit in Gujarat; first semicon plant in northeast approved
Medial

The Indian government has approved the construction of three semiconductor chip fabrication units in Gujarat and Assam, with an estimated investment of INR 1.26 lakh crore (approximately $17 billion). Tata Electronics will set up a semiconductor fab in partnership with Powerchip Semiconductor Manufacturing Corp (PSMC) in Gujarat, attracting an investment of INR 91,000 crore. Tata Semiconductor Assembly and Test will establish a unit in Assam with an investment of INR 27,000 crore. Additionally, CG Power will collaborate with Renesas Electronics and Stars Microelectronics to set up a semiconductor unit in Gujarat with an investment of INR 7,600 crore.

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