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Time of India
7 days ago
- Business
- Time of India
Four chip plants entailing Rs 4.6k crore investment in AP, Odisha, Punjab get govt nod
NEW DELHI: Strengthening India's efforts in attaining self-sufficiency in the critical semiconductor segment, the Union Cabinet on Tuesday approved four semiconductor projects, entailing a total investment of Rs 4,594 crore, with one of them being backed by US chipmaker Intel as well as defence and aerospace manufacturer Lockheed Martin. The projects will come up in Odisha, Punjab and Andhra Pradesh, IT & electronics minister Ashwini Vaishnaw said. The proposals were approved under the India Semiconductor Mission, which initially started the country's semiconductor manufacturing push with an outlay of Rs 76,000 crore to provide support for those setting up chip manufacturing facilities. "This is a new industry that we have started in India, and we were able to make a breakthrough after trying for decades previously. We will build upon this," Vaishnaw said. The Cabinet also approved US chip major Intel-backed 3D Glass semiconductor manufacturing unit in Odisha with an investment of Rs 1,943 crore. The plant will be set up by Heterogenous Integration Packaging Solutions with an annual production capacity of five crore units. Vaishnaw said the project will be backed by US firm Lockheed Martin as well.
India.com
12-08-2025
- Business
- India.com
Amid Trump's tariffs tension, Modi Govt takes rapid decisions, approves Rs 46000000000 investment in…, to boost…
The Union Cabinet has cleared four semiconductor projects worth a total investment of Rs 4594 crore for Odisha, Punjab, and Andhra Pradesh, Information & Broadcasting Minister Ashwini Vaishnaw said on Tuesday. These projects have been sanctioned under the Rs 76000 crore India Semiconductor Mission, aimed at providing financial support to establish chip manufacturing facilities in the country. 'Cabinet has approved four semiconductor plants that will be set up in Odisha, Punjab and Andhra Pradesh,' Vaishnaw said. Where Will The Semiconductor Plants Be Established? The minister said that a silicon carbide semiconductor plant will be set up in Bhubaneswar with an investment of Rs 2,066 crore by SiCsem Pvt Ltd. 'Silicon carbide is a very robust material and can sustain at high temperatures. Silicon carbide is used in our missiles, satellites, telecom towers, rockets, railway engines, etc,' Vaishnaw said. The minister said that the plant will have a capacity to produce 9.6 crore chips per year. The Cabinet also approved US chip major Intel-backed 3D Glass semiconductor manufacturing unit in Odisha with an investment of Rs 1,943 crore. The plant will be set up by Heterogenous Integration Packaging Solutions Pvt Ltd with an annual production capacity of 5 crore units. Will US Firm To Back India's Semiconductor Mission? The minister said the project will be backed by US firm Lockheed Martin as well. A chip packaging plant in Andhra Pradesh, to be set up by Advanced System in Package Technologies with an investment of Rs 468 crore, was also approved by the Cabinet. It will have a capacity to produce 9.6 crore chips per year. The cabinet also cleared a semiconductor project of electronics component maker firm CDIL. The facility will be set up in Punjab with an investment of Rs 117 crore, having an annual production capacity of 15.8 crore units. The minister said that due to various steps taken by the Prime Minister Narendra Modi-led government, the electronics manufacturing sector has grown six times to Rs 12 lakh crore in the last 11 years. He said that electronics exports have grown by 8 times to Rs 3.3 lakh crore and mobile production has increased by 28 times to Rs 5.5 lakh crore. (With Inputs From PTI)
