.Union Preacher Ashwini Vaishnav (File Photo: PTI) 3 minutes went through Final Upgraded: Sep 02 2024|5:56 PM IST.The Union Kitchen cabinet on Monday accepted India's fifth semiconductor establishment, to be set up by Kaynes Technology in Sanand, Gujarat. This Setting up, Testing, Tagging, and Product Packaging (ATMP) device will certainly entail an overall investment of Rs 3,307 crore as well as are going to have the capacity to produce 6.3 million potato chips each day." Today, the Cupboard has accepted the Kaynes Innovation vegetation, which possesses an ability of generating 6.3 million potato chips every day. It is actually a significant plant that is spread over 46 acres, and also the manufacturing is assumed to be huge. The industries to which chips from this plant will go ... that has actually presently been reserved," mentioned Union Minister of Electronics and IT Ashwini Vaishnaw in a press briefing article the Cabinet appointment today.A majority of the potato chips created in the plant will certainly be used in power-related equipment for learn sets, autos, as well as home devices, pointed out the minister.The Kaynes ATMP job is the fifth semiconductor device to be authorized under the Rs 76,000 crore India Semiconductor Purpose (ISM), after the Micron, Tata, as well as CG Energy resources in Gujarat, and also another project through Tatas in Assam, that were accepted previously.In June 2023, the Union Cabinetry had authorized the first proposal for setting up a semiconductor unit in Sanand, Gujarat, due to the US-based mind potato chip big Micron.In February this year, 3 more semiconductor systems were actually approved, whereby Tata Electronics is establishing a semiconductor fab in Dholera, Gujarat, as well as one screening and also installation device in Morigaon, Assam.Additionally, CG Power is also putting together an outsourced semiconductor assembly and also test (OSAT) device in Sanand, Gujarat." Building of all four semiconductor units is actually progressing at a fast rate, and also a strong semiconductor environment is actually arising near the units. These four devices are going to take an investment of just about Rs 1.5 lakh crore. The collective capacity of these systems is about 7 crore chips every day," checked out a formal news release from the authorities.Vaishnaw also provided an update on the Micron facility that was the first to become approved under the ISM in June last year. He stated that the building and construction at the facility was actually improving well and the first made-in-India potato chip out of the resource was actually counted on through mid-2025.Market body India Electronics and also Semiconductor Affiliation (IESA) thanked the Administrative agency of Electronics and also IT and ISM for their assistance in the authorization of the Kaynes semiconductor task." With upcoming campaigns coming from Tata, Micron, Renesas, Kaynes, as well as others, our company are getting momentum in cultivating a thorough semiconductor environment in India. This are going to certainly not just assist the nearby electronics industry yet additionally fulfill the expected worldwide semiconductor need, projected to achieve $1 mountain by 2030," mentioned Ashok Chandak, head of state, IESA.Kaynes Modern technology possesses a presence in IoT solutions-enabled included electronic devices manufacturing.First Published: Sep 02 2024|5:56 PM IST.