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First chip from Dholera plant by 2026 end: PSMC chairman Frank Huang

Economic Times · 8m

The Tata Group and Powerchip Semiconductor Manufacturing Corporation (PSMC) are partnering to set up a semiconductor chip manufacturing plant in Gujarat. The first chip is expected to be ready by the end of 2026. The joint venture (JV) between the two companies is focused on technology transfer at the moment, with investment plans to be discussed later. The Indian government is estimated to subsidize up to 70% of the project cost. The Dholera unit is set to become India's first commercial semiconductor fab. The plant will start with manufacturing 28nm chips and will gradually move towards higher-end chips. The partnership was chosen due to the Tata Group's financial capabilities and government subsidies. The Taiwanese company was approached by the Indian government in 2022 and had discussions with other conglomerates as well. The project is seen as a significant step for India's growth in the manufacturing and chip space.