.Union Priest Ashwini Vaishnav (File Photo: PTI) 3 min reviewed Last Updated: Sep 02 2024|5:56 PM IST.The Union Cabinet on Monday accepted India's 5th semiconductor center, to be set up through Kaynes Innovation in Sanand, Gujarat. This Installation, Screening, Marking, and also Product Packaging (ATMP) unit will definitely involve an overall investment of Rs 3,307 crore and will definitely possess the capability to generate 6.3 million potato chips each day." Today, the Cupboard has approved the Kaynes Modern technology vegetation, which possesses a capacity of generating 6.3 million potato chips each day. It is actually a major plant that is topped 46 acres, and the development is actually expected to become large. The markets to which potato chips from this vegetation will go ... that has currently been scheduled," said Union Administrator of Electronic Devices and also IT Ashwini Vaishnaw in a media briefing blog post the Cabinetry conference today.A large number of the potato chips generated in the plant will certainly be actually used in power-related devices for train collections, automobiles, as well as home appliances, said the minister.The Kaynes ATMP venture is the fifth semiconductor unit to become authorized under the Rs 76,000 crore India Semiconductor Objective (ISM), after the Micron, Tata, and CG Energy resources in Gujarat, and another venture by Tatas in Assam, that were authorized earlier.In June 2023, the Union Closet had authorized the 1st proposal for putting together a semiconductor unit in Sanand, Gujarat, due to the US-based memory chip big Micron.In February this year, three more semiconductor devices were permitted, wherein Tata Electronic devices is actually establishing a semiconductor fab in Dholera, Gujarat, as well as one screening and also assembly system in Morigaon, Assam.Better, CG Power is also putting together an outsourced semiconductor assembly and also test (OSAT) device in Sanand, Gujarat." Building and construction of all 4 semiconductor systems is advancing at a fast rate, and a robust semiconductor environment is arising near the units. These 4 units will definitely deliver an investment of almost Rs 1.5 lakh crore. The advancing capacity of these devices is about 7 crore chips per day," checked out a main news release from the government.Vaishnaw additionally offered an improve on the Micron facility that was actually the very first to be accepted under the ISM in June in 2013. He stated that the building and construction at the facility was improving properly and also the first made-in-India potato chip away from the facility was counted on by mid-2025.Sector body India Electronic devices as well as Semiconductor Association (IESA) gave thanks to the Department of Electronic devices and also IT and also ISM for their help in the confirmation of the Kaynes semiconductor venture." With upcoming projects coming from Tata, Micron, Renesas, Kaynes, and also others, we are actually obtaining energy in creating a complete semiconductor ecosystem in India. This are going to not just support the regional electronic devices business however likewise satisfy the awaited international semiconductor demand, forecasted to meet $1 mountain through 2030," stated Ashok Chandak, head of state, IESA.Kaynes Technology possesses a visibility in IoT solutions-enabled combined electronics manufacturing.First Posted: Sep 02 2024|5:56 PM IST.