India approves three chip vegetation with above $15 billion in investments to know semiconductor ambitions

India approves three chip vegetation with above  billion in investments to know semiconductor ambitions


Scientists inside of the semiconductor fabrication lab at the Centre for Nano Science and Engineering, at the Indian Institute of Science, in Bangalore on June 30, 2018.

Manjunath Kiran | Afp | Getty Visuals

India has authorized creating a few semiconductor plants with investments of more than $15 billion as the state aims to turn into a important chip hub.

“India presently has deep abilities in chip structure. With these units, our country will develop capabilities in chip fabrication. Sophisticated packaging systems will be indigenously designed in India,” according to a govt statement on Thursday.

India has ambitions to come to be a major chip hub on the strains of the U.S., Taiwan and South Korea, and has been courting international corporations to established up functions in the state.

Tata Electronics will spouse Taiwan’s Powerchip Semiconductor Production Corp to construct one particular of the fabrication vegetation in Dholera, Gujarat, with an investment decision of practically $11 billion (Rs.91,000 crore), in accordance to the statement.

PSMC presents chip style and producing solutions in the logic and memory segments. It has six semiconductor foundries in Taiwan.

The factory will concentration on the experienced 28-nanometer technological know-how, specifically in industries this sort of as vehicles, client electronics and protection. Mature technological innovation refers to procedures involved in making 28-nanometer or larger chips — frequently regarded as legacy chips.

Tata Semiconductor Assembly and Take a look at Pvt Ltd will set up the 2nd plant in Morigaon, Assam, with an financial investment of $3.26 billion (Rs.27,000 crore), to produce “indigenous sophisticated semiconductor packaging systems which include flip chip and built-in program in package technologies” for automotive, EVs and client electronics segments.

White House investing $5 billion in chips: Here's what to know

CG Ability, in partnership with Japan’s Renesas Electronics Company and Thailand’s Stars Microelectronics will set up the 3rd manufacturing facility in Sanand, Gujarat, specializing in chips for shopper, industrial, automotive and electric power programs. It will see an expenditure of practically $1 billion (Rs 7,600 crore).

All a few factories will start design in just subsequent 100 times.

India in June 2023 had authorised Micron for setting up a semiconductor device in Sanand, Gujarat.

“Within just a pretty quick time, India Semiconductor Mission has accomplished 4 major successes. With these units, the semiconductor ecosystem will get founded in India,” the governing administration mentioned.

These factories will right create 20,000 superior technology careers and about 60,000 oblique work.

World-wide chip brands have been hunting to diversify operations amid geopolitical uncertainty, which stands to advantage countries this sort of as India.

Taiwan Semiconductor Producing Organization, the world’s premier agreement chip maker, most recently opened a new plant in Japan as the state is attempting to enhance its lagging chip-producing sector.



Source

UnitedHealth under criminal probe for possible Medicare fraud, report says
World

UnitedHealth under criminal probe for possible Medicare fraud, report says

Bloomberg | Bloomberg | Getty Images The U.S. Department of Justice (DOJ) is investigating UnitedHealth Group for possible Medicare fraud, the Wall Street Journal reported on Wednesday. While the exact nature of the criminal allegations are unclear, the Journal said, citing people familiar with the matter, the probe by the healthcare-fraud unit of the DOJ’s criminal division is […]

Read More
S&P 500 futures slip after index posts third consecutive winning day: Live updates
World

S&P 500 futures slip after index posts third consecutive winning day: Live updates

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 14, 2025. REUTERS/Brendan McDermid Brendan Mcdermid | Reuters S&P 500 futures slipped in overnight trading after the broad market index strung together a third consecutive advance in reaction to the Trump administration and China hammering out a […]

Read More
Musk’s xAI chatbot Grok keeps randomly responding about ‘white genocide’ in South Africa
World

Musk’s xAI chatbot Grok keeps randomly responding about ‘white genocide’ in South Africa

Jonathan Raa | Nurphoto | Getty Images The Grok chatbot from Elon Musk’s xAI startup is responding to user queries with unrelated comments about the controversial topic of “white genocide” and South Africa. CNBC on Wednesday found numerous instances of Grok discussing the topic in response to unrelated user prompts. Screenshots of examples were also […]

Read More