THE UNION Cabinet on Thursday approved three chip related projects worth about Rs 1.26 lakh crore, including what could be India’s first semiconductor fabrication plant, which will be set up by the Tata Group along with a Taiwanese technology partner.
The Tata Group will set up the foundry in partnership with Taiwan-based Powerchip (PSMC) at an estimated cost of Rs 91,000 crore in Gujarat’s Dholera. The plant will have a capacity to produce 300 crore chips every year, which will cater to industries like high performance computing