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India approves three chip plants with over $15 billion in investments to realize semiconductor ambitions
India has ambitions to become a major chip hub alongside the likes of the U.S. and Taiwan and has been courting foreign firms to set up operations locally.
Tata Electronics will partner Taiwan's Powerchip Semiconductor Manufacturing Corp to build one of the fabrication plants in Dholera, Gujarat, with an investment of nearly $11 billion (Rs.91,000 crore), according to the statement. Tata Semiconductor Assembly and Test Pvt Ltd will set up the second plant in Morigaon, Assam, with an investment of $3.26 billion (Rs.27,000 crore), to develop "indigenous advanced semiconductor packaging technologies including flip chip and integrated system in package technologies" for automotive, EVs and consumer electronics segments. India has ambitions to become a major chip hub on the lines of the U.S., Taiwan and South Korea, and has been courting foreign firms to set up operations in the country.
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