ENA Sectors 2024-02-19 18:03:49 <p><span style="font-size:14px"><strong>New Delhi, Feb 19 (KNN)</strong> India is set to become the hub for semiconductor manufacturing with the announcement of two full-fledged fabrication plants, along with multiple chip assembly and packaging units.</span></p> <p><span style="font-size:14px">Rajeev Chandrasekhar, Minister of Electronics and IT, revealed that these projects entail substantial investments, highlighting India's emergence as a key player in the global semiconductor industry, reported BT.</span></p> <p><span style="font-size:14px">One of the significant proposals comes from Tower Semiconductors, an Israel-based company, with an investment of USD 8 billion.</span></p> <p><span style="font-size:14px">The other proposal is from Tata Group, further underlining the diverse investment interests in India's semiconductor sector.</span></p> <p><span style="font-size:14px">Chandrasekhar expressed his enthusiasm about these developments, emphasising that the upcoming facilities will utilise advanced technologies such as 65, 40, and 28-nanometer processes.</span></p> <p><span style="font-size:14px">He also mentioned ongoing evaluations of additional packaging proposals to complement the semiconductor manufacturing landscape.</span></p> <p><span style="font-size:14px">Responding to inquiries about the status of these investments and India's semiconductor roadmap, the minister assured that the projects would receive approval during Prime Minister Narendra Modi's third term if not before the upcoming general elections.</span></p> <p><span style="font-size:14px">He underscored the credibility and significance of the investment proposals, highlighting Tata Group's involvement alongside Tower Semiconductors.</span></p> <p><span style="font-size:14px">The government has received four proposals for the establishment of semiconductor manufacturing plants and 13 proposals for chip assembly, testing, monitoring, and packaging (ATMP) units.</span></p> <p><span style="font-size:14px">These submissions complement the ongoing development of a Rs 22,516-crore chip assembly plant in Gujarat, initiated by the US-based memory chip manufacturer Micron.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 36748 https://knnindia.co.in/news/newsdetails/sectors/india-to-house-two-semiconductor-plants-with-multi-billion-dollar-investments 2024-02-19 18:03:49 knnindia.co.in