PM Modi meets leadership team of Tata Sons, PSMC; discusses semiconductor manufacturing projects

Prime Minister Narendra Modi met with the Tata Sons and Taiwan-based Powerchip Semiconductor Manufacturing Corporation (PSMC) leadership team on Thursday. The discussion focused on updates regarding semiconductor manufacturing projects in India. PSMC expressed enthusiasm to further expand its footprint in India.

In a post on X, Prime Minister Modi said, “Had a great meeting with the leadership team of Tata Sons and PSMC. They shared updates on their semiconductor manufacturing projects. PSMC expressed enthusiasm to further expand its footprint in India.”

Earlier, the Government of India had approved a proposal from Tata Electronics to build a mega semiconductor fabrication facility (‘Fab’) in Dholera, Gujarat in partnership with PSMC. The Fab with a total investment of up to Rs 91,000 crores (approximately USD 11 bn) will generate over 20,000 direct and indirect skilled jobs in the region. With this announcement, Tata Electronics entered the global semiconductor industry.

Tata Electronics (a wholly owned subsidiary of Tata Sons Pvt Ltd) in partnership with Powerchip Semiconductor Manufacturing Corporation (PSMC) is building India’s first AI-enabled state-of-the-art Fab. This Fab will have a manufacturing capacity of up to 50,000 wafers per month and will include next-generation factory automation capabilities deploying data analytics and machine learning to achieve industry-best factory efficiency.

The new semiconductor Fab will manufacture chips for applications such as power management IC, display drivers, microcontrollers (MCU) and high-performance computing logic, addressing the growing demand in markets such as automotive, computing and data storage, wireless communication and artificial intelligence. (ANI)

RELATED ARTICLES

22 mins ago

Piyush Goyal meets European industry leaders in Brussels to deepen India-EU trade, technology ties

Union Minister of Commerce and Industry Piyush Goyal held a series of high-level meetings with European industry leaders in Brussels on July 14-15, aimed at strengthening India-EU industrial cooperation, expanding trade opportunities and promoting te...

23 mins ago | India

India, Poland explore new areas of cooperation in MSME sector

India and Poland on Wednesday explored ways to deepen cooperation in the micro, small and medium enterprises (MSME) sector, with a focus on enterprise development, digital transformation, technology, innovation, trade and investment. The discussions...

25 mins ago | Asian U-19 & U-23 Boxing Championships

India win five gold, 10 silver and four bronze in women’s section of Asian U-19 & U-23 Boxing Championships

India finished with an impressive haul of five gold, 10 silver and four bronze medals in the women's section of the Asian U-19 & U-23 Boxing Championships after the finals concluded in Jakarta on Wednesday. The Indian contingent enjoyed a domina...