INSUBCONTINENT EXCLUSIVE:
Deputy Chief Minister of Maharashtra Devendra Fadnavis said that of the total investment, Rs 58,763 crore will be allocated for the first
| File Photo2 min read Last Updated : Sep 06 2024 | 9:52 AM IST
A committee of the Maharashtra Cabinet on Thursday approved an investment
proposal worth Rs 83,947 crore ($10 billion ) for a joint venture (JV) between Tower Semiconductor and the Adani Group
The JV aims to establish a semiconductor chip manufacturing facility at Taloja in Panvel, as announced by the state's Deputy Chief Minister
Devendra Fadnavis on social media platform X (formerly Twitter).
The proposed semiconductor manufacturing plant, located in the Navi
Mumbai suburbs in Raigad district, will have an initial capacity of 40,000 wafer starts per month (WSPM) in the first phase, with an
ultimate capacity of 80,000 WSPM
Of the total investment, Rs 58,763 crore will be allocated for the first phase, while the remaining Rs 25,184 crore will be invested in the
Adani Group is still under review by the India Semiconductor Mission (ISM) and the IT Ministry, as reported by The Economic Times citing
the sixth semiconductor plant in the country, focused on either manufacturing, testing, or packaging silicon chips.
Earlier this week, the
Union Cabinet approved a Rs 3,307 crore proposal for an outsourced assembly and testing (OSAT) unit from Kaynes Semicon, a Mysore-based
This unit will be set up in Sanand, Gujarat, with a daily production capacity of 6.3 million chips.
India currently has five
government-approved semiconductor projects
In addition to a chip fabrication unit being constructed in Dholera, Gujarat, four chip packaging facilities are under development
Three of these packaging units are in Sanand, Gujarat, while one is being built in Morigaon, Assam
The total proposed investment in these facilities is Rs 1.5 trillion.
The Dholera chip fabrication unit is a joint venture between the
Tata Group and Taiwan's Powerchip Semiconductor Manufacturing Corporation, with a capacity of 50,000 WSPM.First Published: Sep 06 2024 |
