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PM Modi Vows 5-8 New Chip Plants in 7-8 Years

PM Modi Vows 5-8 New Chip Plants in 7-8 Years
India To Have 5-8 New Chip Plants Over Next 7-8 Years: PM Modi · freepressjournal.in

India's leader, Prime Minister Narendra Modi, made a big announcement on August 15, the day India celebrates Independence Day.

He said India will build five to eight new chip plants in the next seven to eight years.

Chips are tiny electronic parts used in phones, computers and cars.

India already has three chip factories up and running.

Those factories are in Sanand, in the state of Gujarat.

They are run by companies named Micron, Kaynes and CG Semi.

The government has also approved 12 chip projects and a new plan called Semicon 2.0 to help make more chips in India.

This helps India make more things by itself instead of depending on other countries.

Some details about the new plants, like where they will be built, have not been shared yet.

Key facts

New plants announced
5-8 additional semiconductor plants
Timeline
Next 7-8 years
Operational facilities
3 (Micron, Kaynes, CG Semi) in Sanand, Gujarat
Approved projects
12 under the first India Semiconductor Mission
Cumulative investment
Over Rs 1.64 lakh crore
Semicon 2.0 outlay
Rs 1,27,500 crore
First silicon fab
Commissioning scheduled for 2028
Announcement venue
Red Fort, 80th Independence Day

Quotes

Prime Minister Narendra Modi

India’s Prime Minister, leader of the Narendra Modi administration

“"five to eight additional chip plants"”
freepressjournal.in

Sources

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