Big Push For ‘Make In India': Cabinet clears 4 new chip plants
The India Semiconductor Mission (ISM) aims to build a strong semiconductor and display ecosystem, positioning India as a global hub for electronics manufacturing and design.
The four approved proposals are from SiCSem, Continental Device India Private Limited (CDIL), 3D Glass Solutions Inc, and Advanced Systems in Package (ASIP) Technologies.
SiCSem and 3D Glass Solutions Inc will set up their manufacturing facilities in Odisha.
Continental Device India Private Limited (CDIL) is already based in Punjab, and it will expand its discrete manufacturing facility, and ASIP Technologies will start its manufacturing plant in Andhra Pradesh.
These proposals are worth Rs 4600 crore and are expected to generate employment opportunities for about 2034 skilled professionals, which will drive up the major creation of indirect jobs.
With these four approvals, the total approved projects under ISM reach 10, with cumulative investments of about Rs 1.60 lakh crore in six states. Under this proposal, SiCSem Private Limited partners with Clas-SiC Wafer Fab Ltd, UK, for establishing the integrated facility of Silicon Carbide (SiC) based Compound Semiconductors in Info Valley, Bhubaneswar, Odisha. This is the country's first compound facility producing almost 60,000 wafers and a packaging capacity of 96 million units.
Moreover, the products made at this facility will have applications in Missiles, Defence Equipment, Electric Vehicles (EVs), Railway, Fast Chargers, Data Centre racks, Consumer Appliances, and Solar Power Inverters.
3D Glass Solutions Inc (3DGS) will also set up a vertically integrated advanced packaging and embedded glass substrate unit in Info Valley, Bhubneshwar, Odisha. This step will bring the world's most advanced packaging technologies to India for powering the efficiency of the Semiconductor Industry.
This facility has a large variety of advanced technologies, including glass interposers and 3D heterogeneous Integration Modules with a planned production capacity of 69,600 glass panel substrates, 50 million assembled units, and 13,200 3DHI modules per annum. Advanced System in Package (ASIP) Technologies has a tech tie-up with APACT Co., Ltd, South Korea. These companies will jointly set up a semiconductor manufacturing unit in Andhra Pradesh with an annual production capacity of 96 billion units.
Continental Device (CDIL) will expand its discrete semiconductor manufacturing facility at Mohali, Punjab, and manufacture devices like MOSFETs, IGBTs, Schottky Bypass Diodes, and transistors both in Silicon and Silicon carbide. Devices manufactured at this facility will have applications in Automotive Electronics, including EVs, renewable energy systems, power conversion applications, industrial applications, and communication infrastructure.
New facilities will support the growing chip design capabilities in the country. The government already supported it by providing 278 academic institutions and 72 start-ups. The decision to set up an additional four plants will drive India's momentum in both the chip and electronics markets. Setting up new plants will also cater to the growing employees.
This mission achieved great success as India's semiconductor chip market is expected to reach USD 100- 110 billion by 2030, as per the report. Plus, India's electronics exports witnessed a surge of over 47 pc YoY in Quarter 1 of FY26 as per the India Cellular and Electronics Association (ICEA).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
12 minutes ago
- Indian Express
Bengaluru Metro: BJP's Munirathna asks why Bettahalasuru station was dropped, DK Shivakumar slams MLA's ‘selfish motive'
BJP MLA Munirathna and Karnataka Deputy Chief Minister DK Shivakumar locked horns in the state Assembly Tuesday over the alleged dropping of Bettahalasuru station which is part of Phase 2B of the Bengaluru Metro project. Phase 2B, also known as the Blue line, is a key link to Bengaluru's Kempegowda International Airport. Shivakumar, in his response to Munirathna during Question Hour in the House, stated that the Bettahalasuru station was dropped after real estate major Embassy Group failed to fund its construction as per an earlier agreement. The station was originally included in the 2018 DPR which was forwarded to the Centre. The state also acquired land for the project after the Embassy Group committed to funding the station's construction at a cost of Rs 120 crore. However, according to Shivakumar, the group has paid only Rs 1 crore so far. Raising the issue in the Assembly, MLA Munirathna questioned how a private entity's funding failure could stall a public infrastructure project. 'This station serves the public, not private interests. Land acquisition and DPR approval are complete. The government must act to protect public interest,' he said, adding that local MLA Krishna Byre Gowda had also written to Shivakumar underlining the station's importance. 'MLA Munirathna has 70-80 acres of land in the area' Shivakumar, however, hit back stating that Munirathna owned 70-80 acres of land around the station, which is why he insisted on developing it. 'As per norms, it is allowed to name the station after a company if they sponsor the construction with CSR funds. Prime Minister (Narendra) Modi praised the model and Opposition leader (R) Ashoka was also there. Munirathna has about 70-80 acres of land there and hence he needs a Metro station,' the deputy chief minister said. To which Munirathna quipped, 'If DCM D K Shivakumar makes a call to Embassy builders, they will make the payment in 24 hours. Builders in Bengaluru only listen to him.' Replying to him, Shivakumar stated, 'Self-interest is natural. The Embassy (Group) has about 250 acres and they were willing to pay Rs 120 crore of the total cost of Rs 140 crore to brand the Metro station there. They have given only Rs 1 crore till now. We will build the station and name it after Munirathna if he pays for it.' The controversy comes even as Embassy Group, through Vikas Telecom Pvt Ltd, which is part of Embassy Office Parks REIT, is funding the Rs 100-crore construction of the Kadubeesanahalli station on the Outer Ring Road (ORR) corridor under Phase 2A of the Metro project. The station, to be named 'Embassy Tech Village Kadubeesanahalli Metro Station,' is part of a 17-km stretch from Central Silk Board to KR Puram with 16 stations.
&w=3840&q=100)
Business Standard
14 minutes ago
- Business Standard
POCO M7 Plus 5G with 7000mAh battery launched in India: Check price, specs
Priced at Rs 13,999 onwards, POCO M7 Plus 5G sports a 6.9-inch FHD+ display of 144Hz refresh rate. Will be available from August 19 on e-commerce platform Flipkart New Delhi Chinese smartphone brand POCO has launched the M7 Plus 5G smartphone in India, its latest addition to the M7 series. Starting at Rs 13,999, the smartphone is said to lead the segment with a 7,000mAh battery and a 6.9-inch FHD+ display that supports 144Hz refresh rate. The POCO M7 Plus is also rated IP64 for dust and water resistance. POCO M7 Plus 5G: Price and variants 6GB RAM + 128GB storage: Rs 13,999 8GB RAM + 128GB storage: Rs 14,999 Colours: Chrome Silver, Aqua Blue, Carbon Black POCO M7 Plus: Availability and offers POCO M7 Plus will be available in India starting August 19 on e-commerce platform Flipkart. POCO M7 Plus 5G: Details The POCO M7 Plus smartphone sports a 6.9-inch display of 2340x1080 resolution. With a refresh rate of up to 144Hz, the display can get bright up to 850 nits in high brightness mode. The display has also received TUV certification for low blue light and flicker free. Powered by the Qualcomm Snapdragon 6s Gen 3 chip, the smartphone gets up to 8GB LPDDR4X RAM and 128GB UFS 2.2 storage. It packs a 7,000mAh battery and supports 33W wired charging and 18W reverse wired charging. In the imaging department, the POCO M7 Plus offers a dual rear camera setup with a 50MP primary sensor and a 2MP depth sensor. At the front, it gets an 8MP camera. On the software front, the smartphone comes with Android 15-based Xiaomi HyperOS out of the box. The company has also confirmed that it will offer two generations of OS updates and four years of security updates. Additional features include a side-mounted fingerprint sensor, mono speaker for audio output, support for Bluetooth 5.1 and Wi-Fi 5. POCO M7 Plus: Specifications Display: 6.9-inch FHD+ (2340x1080 resolution) display, 144Hz refresh rate, 850nits brightness in HBM Processor: Qualcomm Snapdragon 6s Gen 3 RAM: up to 8GB LPDDR4X Storage: 128GB UFS 2.2 Rear camera: Dual, 50MP primary Front camera: 8MP Battery: 7000mAh Charging: 33W wired, 18W reverse wired OS: Android 15-based HyperOS
Business Standard
14 minutes ago
- Business Standard
Minda Corporation has Delivered its Highest Ever Consolidated Revenue of Rs. 1,386 Crore and Operating Profit of Rs. 156 Crore with an Operating Margin of 11.3%
NewsVoir Delhi NCR [India], August 13: Minda Corporation Limited ('Minda Corp' or the 'Company'; NSE: MINDACORP, BSE: 538962), the flagship company of Spark Minda, announced its financial results for the first quarter ended June 30, 2025. Consolidated Q1 FY2026 Performance - Consolidated Revenue of Rs. 1,386 Crore, a growth of 16.2% YoY - EBITDA of Rs. 156 Crore, with an EBITDA Margin of 11.3%, up 23 bps YoY - PAT of Rs. 65 Crore with a PAT margin of 4.7% Minda Corp achieved quarterly revenue of Rs. 1,386 Crore, surpassing consensus estimates with a growth of 16.2% YoY. This performance is attributed to a strong product portfolio, an expanding customer base and a focus on product premiumisation. During the quarter, the Company reported quarterly EBITDA of Rs. 156 Crore, with a margin of 11.3%, marking a 23 bps YoY improvement. Profit Before Tax (PBT) stood at Rs. 71 Crore, with a margin of 5.1%, while Profit After Tax (PAT) reached Rs. 65 Crore, with a margin of 4.7%. Minda Corporation entered into a Joint Venture Agreement with Toyodenso to establish a Joint Venture Company in India for manufacturing and selling of advanced Automotive Switches. The partnership will provide end-to end solutions for automotive switches across two-wheelers, Passenger Cars and other automotive segments in the Indian market. Minda Corporation will hold the majority stake in the newly formed venture, with an investment in the agreed shareholding ratio of 60:40. The new Joint venture has already received orders from customers in India. This greenfield plant will be set up in Noida, Uttar Pradesh and is expected to commence operations by 2nd half of FY 2026-27. Minda Corporation Collaborates with Qualcomm to co-develop Smart Cockpit Solutions. As part of this collaboration, Minda Corporation is designing a next-generation cockpit platform powered by the Snapdragon® Cockpit Platform from Qualcomm Technologies. This alliance reflects commitment to technological leadership and aligns with the long-term vision of delivering intelligent, connected and user-centric experiences that create sustainable value for OEMs, end users and shareholders. Commenting on the results, Mr. Ashok Minda, Chairman and Group CEO said, "The first quarter of FY26 witnessed a strong performance, supported by resilient demand across key vehicle segments. Leveraging our focus on operational excellence, technology integration, and customer-centric initiatives, we continued to strengthen our market position. As we progress through the year, we remain focused on expanding our market reach, enhancing exports, and delivering sustainable value to our stakeholders through consistent execution and strategic initiatives." Moving forward, the Company aims to broaden its product portfolio by enhancing its competitive edge through sustained R & D investments. We will also continue to strengthen strategic partnerships to leverage technological advancements and effectively address evolving customer needs. Minda Corporation is one of the leading automotive component manufacturing companies in India with a pan-India presence and significant international footprint. The Company was incorporated in 1985. Minda Corporation is the flagship company of Spark Minda, which was part of the erstwhile Minda Group. The Company has a diversified product portfolio that encompasses Mechatronics, Information and Connected Systems and Plastic and Interior for auto OEMs. These products cater to 2/3 wheelers, passenger vehicles, commercial vehicles, off-roaders and after-market. The Company has a diversified customer base including Indian and global original equipment manufacturers and Tier-1 customers. For assimilating the latest technologies, Minda Corporation has a dedicated R & D facility and collaborations with the pioneers and leaders of the automobile industry. This has provided Minda Corporation with the cutting-edge in product design and technology to meet strict international quality standards. For further information on Minda Corporation visit This release contains statements that contain "forward looking statements" including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Minda Corporation future business developments and economic performance. While these forward-looking statements indicate our assessment and future expectations concerning the development of our business, several risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, general market, macro-economic, governmental and regulatory trends, movements in currency exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, legislative developments, and other key factors that could affect our business and financial performance. Minda Corporation undertakes no obligation to publicly revise any forward-looking statements to reflect future / likely events or circumstances.
