Govt Clears 3 Semiconductor Plants With Investment Of Rs 1.26 Lakh Crore

New Delhi: The government on Thursday approved proposals to set up three semiconductor units in Gujarat and Assam with an estimated investment of Rs 1.26 lakh crore.

The construction of all three units will start within the next 100 days, Telecom Minister Ashwini Vaishnaw said after the Union Cabinet cleared proposals. Tata Electronics Private Limited will set up a semiconductor fab in partnership with Powerchip Semiconductor Manufacturing Corp (PSMC), Taiwan.

This unit will be constructed in Dholera, Gujarat. The plant will attract Rs 91,000 crore investment. (Also Read: NoiseFit Twist Go Smartwatch With More Than 100 Sports Modes Launched In India At Rs 1,199; Check Specs)

Tata Semiconductor Assembly and Test Pvt Ltd will set up a semiconductor unit in Morigaon, Assam, at an investment of Rs 27,000 crore. Vaishnaw also informed that CG Power -in partnership with Renesas Electronics Corporation, Japan, and Stars Microelectronics, Thailand -- will set up a semiconductor unit in Sanand, Gujarat. (Also Read: Elon Musk Announces Enhanced 'Pinned Post' Visibility Feature On X)

Investment in the Sanand unit is estimated at Rs 7,600 crore.