Nod to Rs 1.26-trillion chip-making units

The Union Cabinet on Thursday approved semiconductor projects worth Rs 1.26 trillion, including the country’s first Rs 91,000 crore semiconductor fabrication proposal by Tata Electronics in partnership with Taiwan-based Power Semiconductor Manufacturing Corp (PSMC). Including the Micron project which was approved last year, the total value of projects as on date stands at Rs 1.49 trillion.

The other major project to be approved on Thursday was also by the Tata Group – the Rs 27,000-crore assembly, test, marking, and packaging (ATMP) project by Tata Semiconductor Assembly and Test. The third, which carries an investment of Rs 7,600 crore was of CG Power in partnership with Japan-based Renesas Electronics and Thailand’s Stars Microelectronics.