Cabinet has approved  the proposal of Kaynes Semicon Pvt Ltd to setup a semiconductor unit in Sanand, Gujarat. The decision has been taken with the objective to develop a vibrant semiconductor ecosystem. The proposed unit will be setup with an investment of 3,300 crore rupees.

The capacity of this unit will be 60 Lakh chips per day. The chips produced in this unit will cater to a wide variety of applications. These include segments such as industrial, automotive, electric vehicles, consumer electronics, telecom, and mobile phones. The Programme for Development of Semiconductors and Display Manufacturing Ecosystem in India was notified in December 2021 with a total outlay of 76 thousand crore rupees.

Construction of all four semiconductor units is progressing at a rapid pace. These four units will bring an investment of almost 1.5 Lakh crore rupees. The cumulative capacity of these units is about seven crore chips per day.