New Delhi, Dec 27
The year 2024 saw four new semiconductor manufacturing units and three ‘Param Rudra’ supercomputers, among several other initiatives, to strengthen India’s position on the global tech stage, the government said on Friday.
Tata Electronics Private Limited (TEPL)’s proposal for setting up a semiconductor fab facility in India with an investment of Rs 91,526 crore was approved in February 2024.
The fab facility will be set up in a technology partnership with PSMC, Taiwan. The production capacity of the project would be around 50,000 wafer starts per month (WSPM).
Another Tata Electronics Private Limited (TEPL)’s proposal for setting up of OSAT facility in India with an investment of Rs 27,120 Crore was approved in the same month. The facility will use indigenous semiconductor packaging technologies with a production capacity of 48 million per day.
CG Power and Industrial Solutions Limited’s proposal for setting up an OSAT facility in India with an investment of Rs 7,584 crore was also approved in February 2024, according to the Ministry of Electronics and IT.
The facility will be set up as a joint venture partnership with Renesas Electronics America, US, and STARS Microelectronic, Thailand.