Economy

PM Modi Meets Tata Sons, Taiwan’s PSMC Leaders As They Build Rs 91,000 Cr Chip Facility In India

Prime Minister Narendra Modi met the leadership teams of Tata Sons and Taiwan’s Powerchip Semiconductor Manufacturing Corporation (PSMC) on Thursday. They discussed the Rs 91,000 crore semiconductor fabrication facility in Dholera, Gujarat. PM Modi called the meeting “great” and noted PSMC’s eagerness to expand in India.

Progress on Semiconductor Ecosystem

Railways and Electronics and IT Minister Ashwini Vaishnaw announced a technology agreement between Tata Electronics and PSMC. He stated that a “holistic semiconductor ecosystem is taking shape” after the discussions. N. Chandrasekaran, Chairman of Tata Sons, also attended.

In March, PM Modi laid the foundation stone for the Tata-PSMC chip plant. This facility will generate over 20,000 direct and indirect skilled jobs. It will manufacture up to 50,000 wafers per month. The plant will feature advanced automation using data analytics and machine learning.

Meeting Growing Market Demands

The semiconductor fab will produce chips for power management ICs, display drivers, microcontrollers, and high-performance computing logic. This initiative aims to meet rising demand in automotive, computing, data storage, wireless communication, and artificial intelligence sectors.

Chandrasekaran highlighted Tata Group’s history of innovation. He expressed confidence that entering semiconductor fabrication will strengthen this legacy. PM Modi emphasized that now is the right time for semiconductor manufacturing in India. He pointed to the country’s integrated ecosystem and large talent pool.

Also Read: India’s Tourism Sector Set to Create 39.5 Million Jobs By Year-End

Ajaypal Choudhary

Recent Posts

SC Upholds Rajasthan’s Electricity Regulations; Dismissing Power Companies Plea

The Supreme Court has granted a major relief to the Rajasthan government by upholding the…

2 hours ago

SC Expresses Concern Over Rising Trend Of False Rape Cases On Marriage Promises

The Supreme Court has expressed concern over the rising tendency to register rape cases based…

2 hours ago

Adani Ports Mundra Sets National Record With Historic 200 MMT Cargo Handling Milestone

Adani Ports & Special Economic Zone set a national record by handling 450 MMT of…

2 hours ago

SC Seeks Response On Vikas Yadav’s Bail Plea In Nitish Katara Murder Case

SC issues notice to UP govt, Neelam Katara on Vikas Yadav’s interim bail plea in…

3 hours ago

SC Slams Telangana CM Over Remarks On BRS MLAs’ Disqualification Case

The SC expressed displeasure over Telangana Chief Minister A Revanth Reddy’s remarks regarding the disqualification…

3 hours ago

Jamaat-e-Islami Hind (JIH) Opposes Waqf Bill; Calls It Legislative Discrimination

JIH President Syed Sadatullah Husaini condemns the Waqf Amendment Bill for singling out Muslims and…

3 hours ago