Earlier this year, the Union Cabinet authorized the establishment of three semiconductor units, including the Semiconductor ATMP Unit by Tata Semiconductor Assembly and Test Pvt Ltd (TSAT) in Assam as part of the ‘Development of Semiconductors and Display Manufacturing Ecosystems in India’ initiative.
The government already announced that it will be investing Rs.27,000 crore in the plant that has daily capacity of 48 million units, catering to automotive, electric vehicles, consumer electronics, and telecom sectors.
Now it has announced that the facility is projected for completion by mid-2025 and will generate 15,000 direct and 11,000-13,000 indirect jobs, contributing to regional economic growth in Assam and nearby areas.
This initiative aligns with the broader “Semicon India” program, a ₹76,000 crore plan launched in 2021 to boost domestic semiconductor production. The program incentivizes various sectors within the industry, from fabrication to packaging and testing, fostering a comprehensive ecosystem.
The Morigaon unit, along with other government-approved projects across the nation, signifies India’s commitment to reducing reliance on imports and securing its place in the global semiconductor value chain. These efforts are expected to drive innovation, create jobs, and contribute to regional economic growth.
The Morigaon unit, along with other government-approved projects across the nation, signifies India’s commitment to reducing reliance on imports and securing its place in the global semiconductor value chain. These efforts are expected to drive innovation, create jobs, and contribute to regional economic growth.
- Domestic Production: India is actively promoting domestic semiconductor manufacturing to reduce reliance on imports and establish self-sufficiency.
- Advanced Technology: The Morigaon facility will employ cutting-edge technologies to produce a high volume of chips daily.
- Job Creation: The project is expected to generate thousands of direct and indirect jobs, contributing to regional economic development.
- Government Support: The “Semicon India” program provides substantial financial support and incentives to foster a thriving semiconductor ecosystem.
- Global Competitiveness: India aims to become a major player in the global semiconductor supply chain through these strategic initiatives.