On the inauguration of two new semiconductor crops – one in Gujarat and one in Assam – Tata Sons Chairman Natarajan Chandrasekaran stated the Tata Group hopes to start out semiconductor chips manufacturing by 2026.
The three tasks had acquired a Cabinet nod on February 29 this 12 months and are their mixed price is over Rs 1.25 lakh crore. The proposed funding for Tata-PSMC chip foundry is Rs 91,000 crore, the Tata OSAT facility Rs 27,000 crore, and the CG Power-Renesas, Rs 7,600 crore.
Tata Electronics Private Limited (TEPL) is establishing a Rs 91,000 crore Semiconductor fabrication facility on the Dholera Special Investment Region (DSIR) and a Rs 27,000 crore Outsourced Semiconductor Assembly and Test (OSAT) facility in Morigaon, Assam.
Speaking on the inauguration, Chandra stated: “Today is a special day for the Tata Group — with the foundation laying stone being laid for our proejcts in Dholera and Jagiroad 2,500 km apart. These semiconductor plants will have a lasting impact on the entire nation. The ecosystem from across the globe will mobilise to have India as their preferred semiconductor destination.”
Message from our Chairman N. Chandrasekaran on the muse laying ceremony for our semiconductor fab in Gujarat and Semiconductor Assembly and Test (OSAT) centre in Assam. #ThisIsTata pic.twitter.com/eh3JHaDlfJ
— Tata Group (@TataCorporations) March 13, 2024
He additional added: “Semiconductor is fundamentally required for anything digital. So, it is very important for India to become a semiconductor nation. I am very glad that Tata Group has been able to establish the first semiconductor fab also the first indigenous assembly unit in Assam. Assam will see a lot of prosperity and a lot of jobs and will change the face of that part of the world with this specific investment… We are accelerating the timeline. Typically a fab takes 4 years, our goal is to produce the chip in the calendar year 2026 – hopefully the later part of the year… We have a very aggressive timeline… Assam will be done earlier, we may go commercial production in Assam even in late 2025 and early 2026.”
Tata Electronics has partnered with Taiwan’s Powerchip Semiconductor Manufacturing Corporation (PSMC) to construct India’s first AI-enabled state-of-the-artwork Fab. The new semiconductor Fab, which may have a producing capability of as much as 50,000 wafers per thirty days, will produce chips that will likely be utilized in automotive, computing and information storage, wi-fi communication and synthetic intelligence industries.
The third undertaking is a three way partnership of CG Power and Industrial Solutions and Japan’s Renesas Electronics Corporation and Stars Microelectronics (Thailand), whereby it’s going to make investments Rs 7,600 crore over a 5-12 months interval for establishing an OSAT facility.
Prime Minister Narendra Modi on Wednesday stated when India commits, it delivers, referring to his authorities’s dedication to make the nation a semiconductor manufacturing hub. Modi was nearly addressing individuals after laying the muse stone of three semiconductor services of about Rs1.25 lakh crore, which embody two in Gujarat and one in Assam. “This is a historic day as we are taking a strong step towards a bright future,” Modi stated.
The ‘Made in India’ semiconductor chips will take the nation in direction of self-reliance and modernity, he stated. “When India commits, India delivers and democracy also delivers,” Modi stated on the promise to make the nation a semiconductor manufacturing hub.
He stated the sooner governments dedicated scams of hundreds of crores, however they might not make investments hundreds of crores for the event of the semiconductor business. The three semiconductor tasks launched on Wednesday embody India’s first Fab facility at Dholera in Gujarat, Outsourced Semiconductor Assembly and Test (OSAT) facility at Sanand within the state, and an OSAT facility in Morigaon, Assam.
Prime Minister Narendra Modi on Wednesday stated when India commits, it delivers, referring to his authorities’s dedication to make the nation a semiconductor manufacturing hub. Modi was nearly addressing individuals after laying the muse stone of three semiconductor services of about Rs1.25 lakh crore, which embody two in Gujarat and one in Assam. “This is a historic day as we are taking a strong step towards a bright future,” Modi stated.
The ‘Made in India’ semiconductor chips will take the nation in direction of self-reliance and modernity, he stated. “When India commits, India delivers and democracy also delivers,” Modi stated on the promise to make the nation a semiconductor manufacturing hub.
