Cabinet approves four semiconductor factories in Odisha, Andhra Pradesh & Punjab

The Union Cabinet on Tuesday approved the establishment of four new semiconductor manufacturing units across the country at the cost of Rs 4,594 crore. Of these, two factories will be set up in Odisha, while one each will come up in Andhra Pradesh and Punjab.

These four approved proposals are expected to generate a cumulative employment for 2034 skilled professionals which would catalyse the electronic manufacturing ecosystem resulting in the creation of many indirect jobs, as per central government.