.Union Minister Ashwini Vaishnav (Documents Photo: PTI) 3 minutes read Final Updated: Sep 02 2024|5:56 PM IST.The Union Cabinet on Monday approved India's fifth semiconductor facility, to become set up by Kaynes Technology in Sanand, Gujarat. This Installation, Screening, Marking, and also Packing (ATMP) system will entail a total expenditure of Rs 3,307 crore and also are going to have the ability to produce 6.3 thousand potato chips per day." Today, the Closet has approved the Kaynes Technology vegetation, which possesses a capability of creating 6.3 thousand potato chips every day. It is actually a huge plant that is topped 46 acres, and also the creation is actually anticipated to become large. The business to which chips from this vegetation are going to go ... that has actually actually been scheduled," mentioned Union Minister of Electronics as well as IT Ashwini Vaishnaw in a press instruction post the Cupboard meeting today.A bulk of the chips created in the plant is going to be used in power-related equipment for train sets, autos, as well as home devices, pointed out the official.The Kaynes ATMP job is actually the fifth semiconductor system to become accepted under the Rs 76,000 crore India Semiconductor Objective (ISM), after the Micron, Tata, as well as CG Energy locations in Gujarat, and also one more task through Tatas in Assam, that were actually authorized earlier.In June 2023, the Union Cabinetry had approved the initial proposition for setting up a semiconductor system in Sanand, Gujarat, due to the US-based memory chip giant Micron.In February this year, three more semiconductor units were actually permitted, wherein Tata Electronic devices is setting up a semiconductor fab in Dholera, Gujarat, as well as one testing and installation system in Morigaon, Assam.Better, CG Power is actually likewise setting up an outsourced semiconductor assembly as well as examination (OSAT) system in Sanand, Gujarat." Building of all four semiconductor systems is advancing at a rapid speed, as well as a robust semiconductor ecological community is actually emerging near the units. These four devices will certainly carry a financial investment of just about Rs 1.5 lakh crore. The increasing capability of these units has to do with 7 crore chips every day," read through a main news release from the authorities.Vaishnaw additionally provided an update on the Micron center that was the very first to be accepted under the ISM in June last year. He said that the building at the resource was actually progressing effectively and also the very first made-in-India potato chip out of the resource was actually anticipated by mid-2025.Sector body system India Electronic devices and Semiconductor Association (IESA) gave thanks to the Administrative agency of Electronics and also IT and ISM for their support in the permission of the Kaynes semiconductor project." Along with upcoming efforts coming from Tata, Micron, Renesas, Kaynes, and others, our company are obtaining energy in developing a detailed semiconductor ecosystem in India. This will certainly not simply support the nearby electronic devices field yet also comply with the expected worldwide semiconductor need, predicted to meet $1 mountain by 2030," claimed Ashok Chandak, president, IESA.Kaynes Innovation has a presence in IoT solutions-enabled integrated electronics manufacturing.First Posted: Sep 02 2024|5:56 PM IST.