New Delhi: Strengthening India’s efforts in achieving self-sufficiency in the important semiconductor segment, the Union Cabinet on Tuesday approved four semiconductor projects, which entered the total investment of Rs 4,594 crore, one of them supported by US chipmaker Intel as well as defense and aerospace manufacturer Lockhead Martin. Projects will come to Odisha, Punjab and Andhra Pradesh, IT and Electronics Minister Ashwini Vaishnav said. The proposals were approved under the Bharat Semiconductor Mission, which initially launched the country’s semiconductor manufacturing push with a outlay of Rs 76,000 crore to provide assistance to those who set up chip construction facilities. “This is a new industry we have started in India, and we were able to create a success after trying decades ago. We will build on this, “Vaishnav said. The cabinet also approved the US Chip Major Intel-Samicked 3D Glass Semiconductor Manufacturing Unit in Odisha with an investment of Rs 1,943 crore in Odisha. The plant will be set up by asymmetrical integration packaging solutions with an annual production capacity of five crore units. Vaishnav said the project would also be supported by American firm Lockheed Martin.
