Tata Investment Corporation Rises 5% As Group Gets Nod To Set Up 2 Semiconductor Plants – News18

Tata Investment Corporation shares climbed over 5 per cent to hit a brand new 52-week excessive of Rs 7,635 in Friday’s commerce on BSE after the Union Cabinet authorized three semiconductor plant proposals, two of which will likely be arrange by the Tata Group.

Two of the three crops will likely be in-built Gujarat and one in Assam at an estimated price of Rs 1.26 lakh crore. The Tata group will arrange crops in Gujarat and Assam, whereas Murugappa Group-owned CG Power will arrange a plant in Gujarat. The building of the three crops will start inside 100 days, IT minister Ashwini Vaishnaw stated.

Tata Investment Corporation is an NBFC that invests within the diversified portfolios of varied corporations, together with these of the Tata group.

(*2*) Vaishnaw stated.

The Cabinet additionally authorized Tata Semiconductor Assembly and Test Pvt Ltd’s chip meeting and testing unit in Assam at an funding of Rs 27,000 crore, the minister stated.

The nation’s first fab, with 50,000 wafers per thirty days capability, will likely be arrange by Tata Electronics Pvt Ltd in partnership with PSMC, Taiwan. This fab will likely be constructed in Dholera, Gujarat at an funding of Rs 91,000 crore.

PSMC is famend for its experience in logic and reminiscence foundry segments and has six semiconductor foundries in Taiwan.

The chips will likely be excessive-efficiency compute chips with 28 nm know-how. These are energy administration chips for electrical automobiles (EV), telecom, defence, automotive, client electronics, show, energy electronics, and so forth. Power administration chips are excessive voltage, excessive present purposes.

The second unit in Assam will likely be arrange by Tata Semiconductor Assembly and Test Pvt Ltd (TSAT) will arrange a semiconductor unit in Morigaon, Assam. This unit will likely be arrange with an funding of Rs 27,000 crore.

TSAT semiconductor is growing indigenous superior semiconductor packaging applied sciences, together with flip chip and ISIP (built-in system in package deal) applied sciences.

Ahead of the bulletins, Tata Investment Corporation had surged 30 per cent over the month following reporrs that the Tata Group was bidding to arrange semiconductor crops.