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India approves $15B in semiconductor plant investments
India has approved three new semiconductor plants, including its first semiconductor fab facility, with a total investment projection of over $15 billion (1.26 trillion Indian rupees).
On Thursday, the Indian cabinet approved the country’s first semiconductor fab facility set up by the salt-to-software conglomerate Tata Group and Taiwan’s Power Chip, which will be established in the Dholera region of Gujarat. The fab facility expects to have the capacity to produce 50,000 wafers per month, and it aims to manufacture 3 billion chips annually for a variety of market segments, including high-power computers, electric vehicles, telecom, and power electronics. We’d heard that the government was trying to convince TSMC — the world’s largest chipmaker — to get on board, and that it’s pushing companies like Qualcomm, MediaTek and Intel to also lay out more plans for the semiconductors in the country.
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