Current Affairs - Business - Discussion

Kaynes Semicon Pvt Ltd has received approval from the Union Cabinet to set up a semiconductor manufacturing unit in Sanand, Gujarat, marking a significant milestone in India's Semiconductor Mission. With an investment of approximately ₹3,300 crore, the plant will have a production capacity of 60 lakh chips per day, catering to various industries such as industrial, automotive, electric vehicles, consumer electronics, telecom, and mobile phones. This development underscores India's commitment to becoming a global hub for semiconductor manufacturing.