India Approves ₹3,936 Crore Semiconductor Projects to Boost Local Manufacturing
Cabinet approves two new semiconductor units worth Rs 3,936 crore under India Semiconductor Mission
The Economic TimesImage: The Economic Times
The Indian government has approved two semiconductor projects in Gujarat under the India Semiconductor Mission, with a combined investment of ₹3,936 crore (approximately $475 million USD). These projects aim to enhance local manufacturing capabilities and create 2,230 jobs in the semiconductor sector.
- 01Two new semiconductor units approved in Gujarat under the India Semiconductor Mission.
- 02Total investment of ₹3,936 crore (approximately $475 million USD) for both projects.
- 03Expected to generate 2,230 skilled jobs in the semiconductor industry.
- 04Crystal Matrix Limited will produce Mini/Micro-LED displays and GaN foundry services.
- 05Suchi Semicon Private Limited will manufacture discrete semiconductors with a capacity of over 1 billion chips annually.
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The Union Cabinet of India, led by Prime Minister Narendra Modi, has approved two significant semiconductor projects in Gujarat, totaling an investment of ₹3,936 crore (approximately $475 million USD). Crystal Matrix Limited will establish a facility in Dholera for manufacturing Mini/Micro-LED display modules and providing Gallium Nitride (GaN) foundry services, with an annual production capacity of 72,000 square metres of display panels and 24,000 sets of RGB GaN epitaxy wafers. Suchi Semicon Private Limited will set up an Outsourced Semiconductor Assembly and Test (OSAT) facility in Surat, aiming to produce 1,033.20 million chips per year for applications in automotive and consumer electronics. These projects are expected to create 2,230 jobs and contribute to India's growing semiconductor ecosystem, which now includes a total of 12 projects approved under the India Semiconductor Mission, with cumulative investments reaching ₹1.64 lakh crore (approximately $19.7 billion USD).
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These projects will enhance local semiconductor manufacturing capabilities, potentially reducing India's reliance on imports and fostering job creation in the tech sector.
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