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Union Cabinet Approves Kaynes Technology’s Rs 3,307 Crore Semiconductor Facility

The Union Cabinet has given the green light for India’s fifth semiconductor facility, which will be established by Kaynes Technology in Sanand, Gujarat. This new Assembly, Testing, Marking, and Packaging (ATMP) unit represents a significant investment of Rs 3,307 crore and is designed to produce up to 6.3 million chips daily. Union Minister of Electronics and IT, Ashwini Vaishnaw, announced…