PM Modi Discusses Semiconductor Expansion with Tata Sons and PSMC

Prime Minister Modi conducted a meeting with Tata Sons and PSMC leaders, discussing semiconductor manufacturing projects. PSMC is eager to expand in India. The collaboration includes a proposed Fab facility in Gujarat to manufacture AI-enabled chips, significantly boosting job creation and technological advancements in the semiconductor industry.

Prime Minister Narendra Modi on Thursday engaged in a strategic discussion with the leadership teams of Tata Sons and Taiwan's Powerchip Semiconductor Manufacturing Corporation (PSMC). The focus of the meeting was to review updates on semiconductor manufacturing projects within India. PSMC conveyed its strong interest in expanding its operations across the nation.

In a social media post, Prime Minister Modi announced, 'Had a great meeting with the leadership team of Tata Sons and PSMC. They shared updates on their semiconductor manufacturing projects. PSMC expressed enthusiasm to further expand its footprint in India.' This follows the Government of India's approval of Tata Electronics' proposal to construct a mega semiconductor fabrication facility in Dholera, Gujarat, in partnership with PSMC. The project, with an investment of around Rs 91,000 crores (approximately USD 11 billion), is expected to create more than 20,000 skilled jobs in the region.

Tata Electronics, a subsidiary of Tata Sons, in collaboration with PSMC, is spearheading the construction of India's first state-of-the-art AI-enabled semiconductor Fab. This facility will have the capability to produce up to 50,000 wafers monthly and will integrate advanced factory automation technologies, leveraging data analytics and machine learning. The new Fab will produce chips for various applications, including power management ICs, display drivers, microcontrollers, and high-performance computing logic, catering to rising market demands in sectors like automotive, computing, data storage, wireless communication, and artificial intelligence.

(With inputs from agencies.)