India has approved a $15.2 billion investment to establish three new semiconductor plants, marking a significant stride in the global chip race. This includes the country’s first semiconductor fab facility, a joint venture between Tata Group and Taiwan’s Power Chip, set to be located in Gujarat’s Dholera region. The facility aims to produce 3 billion chips annually for various market segments. Additionally, a $3.2 billion investment has been approved for a semiconductor assembly, testing, marking, and packaging unit in Assam by Tata Semiconductor Assembly and Test. Lastly, a specialized chip facility will be set up in Gujarat’s Sanand region, with a $916 million investment from Japan’s Renesas Electronics and Thailand’s Stars Microelectronics, in collaboration with the Indian company CG Power.
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