Cabinet approves Kaynes chip assembly, packaging unit worth Rs 3,307 crore

The Union Cabinet on Monday approved India’s fifth semiconductor facility, to be established by Kaynes Technology in Sanand, Gujarat.

This assembly, testing, marking, and packaging (ATMP) unit will involve a total investment of Rs 3,307 crore and have the capacity to produce 6.3 million chips per day.

“The Cabinet has approved the Kaynes Technology plant. It is a big plant that is spread over 46 acres, and production is expected to be huge.