Business

Government clears semiconductor projects worth Rs 3,936 crore

1 Mins read


Government clears semiconductor projects worth Rs 3,936 crore

Govt on Tuesday cleared two more semiconductor manufacturing projects, with investment of Rs 3,936 crore, pushing forward its ambitions to build a domestic chip ecosystem under the India Semiconductor Mission (ISM).One of the approvals is for Crystal Matrix (CML), which will set up an integrated facility in Dholera. The unit will focus on compound semiconductor fabrication and assembly, testing, marking and packaging (ATMP), along with manufacturing mini/micro-LED display modules. It will also provide gallium nitride (GaN) foundry services, including epitaxy on six-inch wafers.The facility is designed with an annual production capacity of 72,000 square metres of Mini/Micro-LED display panels and 24,000 sets of RGB GaN epitaxy wafers. These products are expected to be used across televisions, commercial displays, smartphones, tablets, automotive displays, extended reality devices and wearables, said IT and I&B minister Ashwini Vaishnaw.The second project, by Suchi Semicon Private (SSPL), will establish an outsourced semiconductor assembly and test (OSAT) facility in Surat. The unit will manufacture discrete semiconductors with a planned capacity of over 1,033 million chips per year. These chips are targeted at applications in power electronics, analog integrated circuits and industrial systems, serving sectors, such as automotive, industrial automation and consumer electronics, said Vaishnaw.“Cabinet’s approval of new projects under ISM is a part of our efforts towards making India a leader in the global semiconductor value chain, focussing on manufacturing, packaging and advanced materials. India’s advances in the world of semiconductors will boost economic transformation, technological self-reliance and encourage the innovation ecosystem,” PM Narendra Modi said in a social media post.The projects are likely to generate around 2,230 skilled jobs. With these approvals, the number of projects cleared under the ISM rises to 12, with committed investments of about Rs 1.6 lakh crore.



Source link

Related posts
Business

'Everyone wins': Indian firms to invest $20 billion in US across sectors, says Sergio Gor

1 Mins read
US ambassador to India Sergio Gor on Wednesday said Indian companies are planning to invest over $20.5 billion in the United States…
Business

Gold price prediction today: Will gold, silver price rally on May 6, 2026 sustain? Check near-term outlook

2 Mins read
We see the current rebound in Gold to extend towards the initial resistance of $4,700 and then reverse the course, says Anand…
Business

Desi rival to Musk’s Starlink? Mukesh Ambani-led Reliance eyes big-bang entry in satcom space; LEO satellites in focus

2 Mins read
Reliance Industries has begun discussions with the Department of Telecommunications (DoT) to support the process of securing orbital slots. (AI image) Mukesh…
Power your team with InHype

Add some text to explain benefits of subscripton on your services.

Leave a Reply

Your email address will not be published. Required fields are marked *