Cabinet approves ₹3,300 crore Kaynes ATMP chipmaking plant in Gujarat

The Union Cabinet chaired by Prime Minister Narendra Modi approved Kaynes Semicon Pvt. Ltd plans to set up its Kaynes ATMP semiconductor unit in Sanand, Gujarat, on Tuesday, September 2. The project is estimated to be set up with an investment of nearly ₹3,300 crore, according to the government’s press release.

The semiconductor plant will have a capacity of 6.3 million chips, or more than 60 lakh chips manufactured daily. The project will cover an area of 46 acres, and the land has been acquired in Sanand, Gujarat.