India to Build Three Semiconductor Factories with a 20 Trillion Won Investment
India has commenced the construction of three semiconductor factories in western Gujarat and northeastern Assam.
According to Indian media on the 14th (local time), Prime Minister Narendra Modi held an online groundbreaking ceremony for these factories the day before.
India will invest 1.25 trillion rupees (approximately 20 trillion won) to build a total of three semiconductor factories: two in western Gujarat and one in Assam.
The semiconductor factory construction project is part of the Modi government's vision to develop India into a global center for semiconductor design, manufacturing, and technology development, according to local media.
In Gujarat, there will be a wafer manufacturing plant and a semiconductor post-processing plant, while Assam will have a post-processing plant.
In the Dholera Special Investment Region (DSIR) of Gujarat, Tata Electronics, a subsidiary of the Indian Tata Group, will establish a wafer manufacturing plant. This factory is expected to become India's first semiconductor production plant to manufacture 12-inch wafers.
In Sanand, Gujarat, the Indian company CG Power will build a semiconductor post-processing plant responsible for packaging and testing. In Morigaon, Assam, Tata Electronics will construct a post-processing plant.
Meanwhile, Prime Minister Modi's groundbreaking ceremony is seen by some analysts as a move aimed at winning votes ahead of the general elections (April-May). The establishment of new semiconductor factories is a strategy to address challenges such as economic revitalization and youth employment.
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Notably, Gujarat is Prime Minister Modi's hometown. Before becoming the federal government prime minister through the 2014 general election, he served as the Chief Minister of Gujarat for over 12 years.
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