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3 more semiconductor fab units with $8-$12 bn investment soon: Vaishnaw

The Morning Standard

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November 29, 2023

THE country will get three more semiconductor chip fabrication units with the cumulative investments between $8-12 billion in next few months, said minister for electronics and IT Ashwini Vaishnaw on Tuesday.

3 more semiconductor fab units with $8-$12 bn investment soon: Vaishnaw

On the sidelines of semiconductor company AMD's launch of a global design centre in Bengaluru, he said talks are on with Tamil Nadu, Telangana, Gujarat and Karnataka governments for setting up units. Vaishnaw said they could see at least two good proposals for fabrication and OSAT (outsourced semiconductor assembly and test) in the coming few months.

"This sector, a new industry for the country, will grow as a major contributor to the entire developing manufacturing base of electronics, telecom and defense electronics," he added.

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