Union Cabinet Greenlights Tata Groups Rs 91,000 Crore Semiconductor Foundry Proposal

The Union Cabinet approves incentives for Tata Group's Rs 91,000 crore semiconductor foundry, marking India's entry into commercial fab manufacturing. The move aligns with India's efforts to localize chip production and safeguard strategic interests. Additionally, two assembly, testing, marking, and packaging (ATMP) units from Tata Group and CG Power-Renesas are greenlighted, with a cumulative investment of Rs 1,26,000 crore.