On the inauguration of two new semiconductor plants – one in Gujarat and one in Assam – Tata Sons Chairman Natarajan Chandrasekaran said the Tata Group hopes to start semiconductor chips production by 2026.
The three projects had received a Cabinet nod on February 29 this year and are their combined worth is over Rs 1.25 lakh crore. The proposed investment for Tata-PSMC chip foundry is Rs 91,000 crore, the Tata OSAT facility Rs 27,000 crore, and the CG Power-Renesas, Rs 7,600 crore.
Tata Electronics Private Limited (TEPL) is setting up a Rs 91,000 crore Semiconductor fabrication facility at the Dholera Special Investment Region (DSIR) and a Rs 27,000 crore Outsourced Semiconductor Assembly and Test (OSAT) facility in Morigaon, Assam.
Speaking on the inauguration, Chandra said: “Today is a special day for the Tata Group — with the foundation laying stone being laid for our proejcts in Dholera and Jagiroad 2,500 km apart. These semiconductor plants will have a lasting impact on the entire nation. The ecosystem from across the globe will mobilise to have India as their preferred semiconductor destination.”
Message from our Chairman N. Chandrasekaran on the foundation laying ceremony for our semiconductor fab in Gujarat and Semiconductor Assembly and Test (OSAT) centre in Assam. #ThisIsTata pic.twitter.com/eh3JHaDlfJ
— Tata Group (@TataCompanies) March 13, 2024
He further added: “Semiconductor is fundamentally required for anything digital. So, it is very important for India to become a semiconductor nation. I am very glad that Tata Group has been able to establish the first semiconductor fab also the first indigenous assembly unit in Assam. Assam will see a lot of prosperity and a lot of jobs and will change the face of that part of the world with this specific investment… We are accelerating the timeline. Typically a fab takes 4 years, our goal is to produce the chip in the calendar year 2026 – hopefully the later part of the year… We have a very aggressive timeline… Assam will be done earlier, we may go commercial production in Assam even in late 2025 and early 2026.”
Tata Electronics has partnered with Taiwan’s Powerchip Semiconductor Manufacturing Corporation (PSMC) to build India’s first AI-enabled state-of-the-art Fab. The new semiconductor Fab, which will have a manufacturing capacity of up to 50,000 wafers per month, will produce chips that will be used in automotive, computing and data storage, wireless communication and artificial intelligence industries.
The third project is a joint venture of CG Power and Industrial Solutions and Japan’s Renesas Electronics Corporation and Stars Microelectronics (Thailand), wherein it will invest Rs 7,600 crore over a five-year period for setting up an OSAT facility.
Prime Minister Narendra Modi on Wednesday said when India commits, it delivers, referring to his government’s commitment to make the country a semiconductor manufacturing hub. Modi was virtually addressing people after laying the foundation stone of three semiconductor facilities of about Rs1.25 lakh crore, which include two in Gujarat and one in Assam. “This is a historic day as we are taking a strong step towards a bright future,” Modi said.
The ‘Made in India’ semiconductor chips will take the country towards self-reliance and modernity, he said. “When India commits, India delivers and democracy also delivers,” Modi said on the promise to make the country a semiconductor manufacturing hub.
He said the earlier governments committed scams of thousands of crores, but they could not invest thousands of crores for the development of the semiconductor industry. The three semiconductor projects launched on Wednesday include India’s first Fab facility at Dholera in Gujarat, Outsourced Semiconductor Assembly and Test (OSAT) facility at Sanand in the state, and an OSAT facility in Morigaon, Assam.
Prime Minister Narendra Modi on Wednesday said when India commits, it delivers, referring to his government’s commitment to make the country a semiconductor manufacturing hub. Modi was virtually addressing people after laying the foundation stone of three semiconductor facilities of about Rs1.25 lakh crore, which include two in Gujarat and one in Assam. “This is a historic day as we are taking a strong step towards a bright future,” Modi said.
The ‘Made in India’ semiconductor chips will take the country towards self-reliance and modernity, he said. “When India commits, India delivers and democracy also delivers,” Modi said on the promise to make the country a semiconductor manufacturing hub.