The new plant will produce 6 million chips per day, boosting industries like automotive, electric vehicles, consumer electronics, telecom, and smartphones. This project is a part of India’s ambitious Semiconductor and Display Manufacturing Ecosystem Program, launched in December 2021 with a budget of ₹76,000 crore.
Kaynes Technology’s ambitious ₹3,300 crore semiconductor plant in Gujarat is getting a major financial boost, with 50% of the investment coming from the Centre, 20% from the Gujarat government, and the remaining 30% from Kaynes itself. Spanning 46 acres, this new facility will enhance Kaynes’s capabilities in designing and manufacturing advanced electronic modules and solutions.
This new facility will feature 13 assembly lines and will focus on cutting-edge wire-bond and substrate technologies, as well as advanced packaging in silicon photonics. Karnataka-based Kaynes Tecnology is the fourth firm to secure Union Cabinet approval for an Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand. Partnering with Infinipack for semiconductor packaging design and UST for ATE, the plant is set to play a crucial role in bolstering India's semiconductor industry and driving technological advancements across various sectors.
Since June 2023, the Union Cabinet approved several semiconductor projects, including Tata Electronics’ new hubs in Gujarat and Assam, and a CG Power unit in Sanand. These ventures are set to attract nearly ₹1.5 lakh crore in investments and produce around 7 crore chips daily. Tata Group aims to start commercial production by 2026, aiming to ease the global chip shortage. Meanwhile, Micron Technology is also gearing up to launch India’s first high-end semiconductor fab in Sanand by late 2024. With four major projects on the horizon, India is revving up to become a semiconductor powerhouse.
