Union minister Ashwini Vaishnaw announces new chip unit with Rs 3,700 crore outlay

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Union minister Ashwini Vaishnaw on Wednesday announced a new semiconductor unit under the government’s India Semiconductor Mission at an investment of Rs 3,700 crore.

The plant, to come up in Uttar Pradesh and the sixth under the government’s flagship chip mission, will manufacture display chips for smartphones, automobiles and personal computers. It will be designed for 20,000 wafers per month, and 36 million chips per month, the minister said in a briefing.

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Union minister Ashwini Vaishnaw announces new chip unit with Rs 3,700 crore outlay


Union minister Ashwini Vaishnaw on Wednesday announced a new semiconductor unit under the government’s India Semiconductor Mission at an investment of Rs 3,700 crore.

The plant, to come up in Uttar Pradesh and the sixth under the government’s flagship chip mission, will manufacture display chips for smartphones, automobiles and personal computers. It will be designed for 20,000 wafers per month, and 36 million chips per month, the minister said in a briefing.

Discover the stories of your interest

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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