.Union Preacher Ashwini Vaishnav (Data Image: PTI) 3 min reviewed Final Improved: Sep 02 2024|5:56 PM IST.The Union Cabinet on Monday authorized India's fifth semiconductor amenities, to become established through Kaynes Technology in Sanand, Gujarat. This Assembly, Screening, Tagging, as well as Packaging (ATMP) device will definitely involve a total investment of Rs 3,307 crore as well as will possess the ability to produce 6.3 million potato chips daily." Today, the Cabinetry has actually accepted the Kaynes Modern technology plant, which has an ability of creating 6.3 million potato chips per day. It is a large vegetation that is topped 46 acres, as well as the production is expected to be sizable. The business to which potato chips from this vegetation will definitely go ... that has actually been actually made a reservation for," pointed out Union Official of Electronics and also IT Ashwini Vaishnaw in a media rundown post the Cabinet conference today.A majority of the chips created in the vegetation will definitely be actually used in power-related devices for train collections, autos, as well as home appliances, said the minister.The Kaynes ATMP venture is actually the fifth semiconductor system to be authorized under the Rs 76,000 crore India Semiconductor Objective (ISM), after the Micron, Tata, and CG Power locations in Gujarat, and another project through Tatas in Assam, that were permitted earlier.In June 2023, the Union Cabinetry had actually permitted the very first proposal for putting together a semiconductor device in Sanand, Gujarat, by the US-based memory potato chip large Micron.In February this year, 3 more semiconductor units were accepted, in which Tata Electronic devices is actually putting together a semiconductor fab in Dholera, Gujarat, and one testing and also installation device in Morigaon, Assam.Even Further, CG Energy is also putting together an outsourced semiconductor installation and also exam (OSAT) system in Sanand, Gujarat." Building of all 4 semiconductor units is progressing at a quick pace, and also a robust semiconductor community is surfacing near the devices. These four devices will certainly carry an assets of almost Rs 1.5 lakh crore. The increasing capability of these units has to do with 7 crore potato chips each day," read a formal press release coming from the authorities.Vaishnaw likewise provided an upgrade on the Micron location that was the first to be permitted under the ISM in June in 2015. He pointed out that the construction at the facility was progressing well and the 1st made-in-India potato chip out of the center was counted on through mid-2025.Business body system India Electronic devices and also Semiconductor Affiliation (IESA) gave thanks to the Department of Electronic devices and also IT as well as ISM for their help in the confirmation of the Kaynes semiconductor task." Along with upcoming projects coming from Tata, Micron, Renesas, Kaynes, as well as others, our company are obtaining drive in creating a comprehensive semiconductor ecological community in India. This are going to not only assist the nearby electronic devices market however likewise fulfill the expected international semiconductor demand, predicted to meet $1 mountain by 2030," said Ashok Chandak, president, IESA.Kaynes Technology has a presence in IoT solutions-enabled integrated electronic devices manufacturing.First Posted: Sep 02 2024|5:56 PM IST.