The Union Cabinet has approved the proposal of Kaynes Semicon Private Limited to setup a semiconductor unit in Sanand, Gujarat. The company aims to develop a vibrant semiconductor ecosystem.
The proposed unit will be setup with an investment of Rs 33 billion and a capacity of 6 million chips per day. The chips produced will cater to a wide variety of applications which include segments such as industrial, automotive, electric vehicles, consumer electronics, telecommunications, mobile phones, etc.
the Programme for Development of Semiconductors and Display Manufacturing Ecosystem in India was notified on December 21, 2021, with a total outlay of Rs 760 billion. Meanwhile, the Union Cabinet had approved the first proposal for setting up a semiconductor unit in Sanand in June 2023. Three more semiconductor units were approved in February 2024. Tata Electronics is setting up a semiconductor fab in Dholera, Gujarat and one semiconductor unit in Morigaon, Assam. Further, CG Power is setting up one semiconductor unit in Sanand.
Construction of all four semiconductor units is progressing at a rapid pace and a robust semiconductor ecosystem is emerging near the units. These four units will bring an investment of almost Rs 1.5 trillion. Furthermore, the cumulative capacity of these units is about 70 million chips per day.
