BusinessFinance

Sanand Gets Gujarat’s Fourth Semiconductor Plant: A New Milestone

India’s Union Cabinet, led by Prime Minister Narendra Modi, has approved the establishment of a new semiconductor unit under the India Semiconductor Mission in Sanand, Gujarat. Keyens Semiconductor Pvt Ltd will set up this state-of-the-art facility with an investment of ₹3300 crores. The plant is designed to produce 6 million chips daily, marking a significant leap in India’s semiconductor manufacturing capacity.

Gujarat’s Semiconductor Ecosystem Grows Stronger

Chief Minister Bhupendra Patel expressed his gratitude to Prime Minister Modi for this crucial addition to Gujarat’s growing semiconductor ecosystem. He emphasized that under Modi’s leadership, Gujarat is swiftly advancing towards becoming a global semiconductor hub.

Sanand’s Third, Gujarat’s Fourth Plant

This new plant in Sanand will be the third in the area and the fourth in the state. In 2023, the first semiconductor plant was approved in Sanand by Micron, followed by Tata Electronics in Dholera and C.G. Power in Sanand. With the establishment of Keyens Semiconductor, Gujarat solidifies its position as a leading state in semiconductor manufacturing.

Nationwide Chip Production Set to Soar

The India Semiconductor Mission, with an allocation of ₹76,000 crores, aims to boost semiconductor and display manufacturing across the country. With this new project, India is set to produce 70 million chips daily, spread across four key locations, including three in Gujarat and one in Assam.

Micron’s Contribution to Sanand

Micron, a leading American microchip manufacturing giant, is also setting up a significant plant in Sanand. This investment, totaling ₹22,000 crores, is expected to generate 10,000 jobs in Gujarat and produce 300 million chips annually once fully operational by 2027.

The Science Behind Semiconductor Chips

A semiconductor chip, often referred to as a microchip or processor, is essential for controlling electrical currents in various devices. These chips are found in everyday items like washing machines, X-ray machines, cars, phones, and computers. The production of a single chip involves over 3,000 steps and takes approximately two months.


Akash Shrivastav

My name is Akash Shrivastav, and I am a Blogger. I have 8 years of experience in blogging for Finance, Business, Investment, Stock Market, Cryptocurreny and more. Through my writing, I aim to provide readers with insightful and informative content.