Latest news with #ISM-approved
Time of India
3 days ago
- Business
- Time of India
India to Get First Commercial Compound Semiconductor Fab in Odisha
/ Aug 12, 2025, 10:46PM IST The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved four new semiconductor projects worth ₹4,600 crore under the India Semiconductor Mission. These include India's first commercial compound semiconductor fabrication unit, an advanced glass-based packaging facility, and manufacturing plants in Odisha, Punjab, and Andhra Pradesh. Expected to create over 2,000 skilled jobs, the projects will support sectors such as telecom, EVs, defence, and consumer electronics, raising total ISM-approved investments to ₹1.6 lakh crore across 10 projects in six states.#indiasemiconductormission #pmmodi #semiconductor #chipmanufacturing #technology #electronics #makeinindia #atmanirbharbharat #odisha #andhrapradesh #punjab #ev #defence
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Business Standard
14-05-2025
- Automotive
- Business Standard
Cabinet clears ₹3,706 cr HCL-Foxconn chip assembly unit at Jewar
The Union Cabinet on Wednesday approved the ₹3,706 crore HCL Group–Foxconn joint venture chip assembly unit at Jewar in Uttar Pradesh, Union Electronics and Information Technology Minister Ashwini Vaishnaw said. The outsourced assembly and testing (OSAT) unit, which is expected to employ 2,000 people, will assemble up to 20,000 wafers per month with a design output capacity of 36 million units per month, he said. 'This plant will manufacture display driver chips for mobile phones, laptops, personal computers, automobiles and other electronic devices that require a display unit. This was a requirement for India, as electronic manufacturing in the country has increased multifold in recent years. The display driver chip is one of the key components in the ecosystem,' Vaishnaw said, adding that the plant will use wafer-level technology to assemble chips. This is the sixth project approved by the Centre under the India Semiconductor Mission. The ₹76,000 crore ISM incentive plan, which aims to kick-start semiconductor chip manufacturing and packaging in the country, has tasted success, with six applications approved so far. Five of these ISM-approved projects are chip packaging units, while Tata Electronics is the sole chip fabrication unit to date. The Tata Group's Dholera semiconductor unit is the first and only chip fabrication facility in India, which was approved by the central government on February 29, 2024, under the ambitious India Semiconductor Mission (ISM). The plant is expected to begin operations by 2027 and may employ close to 2,000 people overall. The chip fabrication unit in Dholera is coming up at a cost of more than ₹91,000 crore. 'With an investment of ₹3,700 crore, the project brings large-scale advanced packaging and testing capabilities specifically for display driver ICs—addressing a critical gap in India's display and electronics value chain,' said Ashok Chandak, president of the semiconductor policy advisory bodies, India Electronics and Semiconductor Association and SEMI India.
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Business Standard
01-05-2025
- Business
- Business Standard
Zoho shelves $700-mn semiconductor chip plant plan: Sridhar Vembu
Tamil Nadu-based software-as-a-service major Zoho Corporation has suspended its plan to build a $700-million compound semiconductor fabrication plant, the company's founder Sridhar Vembu said. 'On our semiconductor fab investment plan, since this business is so capital-intensive, it requires government backing. We wanted to be absolutely sure of the technology path before we take taxpayer money. We did not have that confidence in the tech, so our board decided to shelve this idea for the time being, until we find a better tech approach,' Vembu said on social media site X (formerly Twitter). In June last year, the company had applied for government incentives under the India Semiconductor Mission (ISM) to build a compound semiconductor chip fabrication unit. The SaaS firm also formed a new company, Silectric Semiconductor Manufacturing, for this purpose. Before applying for incentives to build a chip fabrication unit under ISM, Vembu had also announced Zoho's plans to set up a semiconductor design project at Tenkasi in Tamil Nadu. The ₹76,000 crore ISM incentive plan, which aimed to kickstart semiconductor chip manufacturing and packaging in the country, has tasted success and so far seen five applications being approved. Four of these ISM-approved projects are chip packaging units, while Tata Electronics is the sole chip fabrication unit so far. The Tata Group's Dholera semiconductor unit is the first and only chip fabrication facility in India, which was approved by the central government on February 29, 2024, under the ambitious India Semiconductor Mission (ISM). The plant is expected to start operations by 2027 and may employ close to 2,000 people overall. The chip fabrication unit in Dholera is coming up at a cost of more than ₹91,000 crore.
