PLANTS, RS 1.26 LAKH CR INVESTMENT GET GOVT NOD

Why in the news?

Government approves Rs 1.26 lakh crore investment for three chip manufacturing projects to boost domestic production and technological self-reliance.

source:pib

About Approved Projects:

Tata Group plans a chip manufacturing facility for 50,000 wafers/month, emphasizing automation.
Assam chip assembly plant to target automobile sector, with 48 million chips/day capacity.
Gujarat chip packaging facility with Renesas Electronics to serve defense and space, costing Rs 7,600 crore.

What are Semiconductor chips?

● Semiconductors: Materials with conductivity between conductors and insulators.

● Significance: Basic building blocks of modern electronics and ICT products.

● Used in automobiles, household gadgets, medical devices.

● Increased demand due to COVID-19 digitalization push.

● Shortage causes cascading effects.

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