Union Cabinet approves proposal of Kaynes Semicon Pvt Ltd to set up semiconductor unit in Gujarat

NEW DELHI: In a bid to make India a semiconductor manufacturing hub, the government on Monday approved the proposal of Kaynes Semicon Pvt Ltd to set up a semiconductor unit in Sanand, Gujarat.

The proposed unit will be set up with an investment of Rs 3,300 crore. The capacity of this unit will be 60 lakh chips per day. According to the government, the chips produced at this unit will cater to a wide variety of applications, including segments such as industrial, automotive, electric vehicles, consumer electronics, telecom, mobile phones, etc.