Tata is planning to invest Rs 200 crore and offer 155 new jobs for a semiconductor testing and packing unit at Narasapura in Kolar district, about 70 km from here.

With Wistron's iPhone manufacturing unit in Kolar being taken over by Tata, it is likely to set up an assembly, testing, marking, and packaging (ATMP) plant there, according to a state industries department official. ATMP plays a major role in the semiconductor industry's ecosystem, once a chip is printed, it must be tested and packaged before it can be shipped to manufacturers. The planned investment by Tata for its semiconductor unit is in sync with the Karnataka government's initiatives to shore up industrial development in the state.

On Friday, the state-level single-window clearance committee (SLSWCC)headed by Industries and Infrastructure Development Minister MB Patil, cleared 91 industrial investment proposals worth Rs 7,660 crore, with the potential to generate 18,146 jobs.

Maruti Suzuki India, South West Mining, Tata Semiconductor, Krypton (India) Solutions, and Aequs Consumer are among the major firms from which investment proposals have been approved by the government to further the cause of industrial development in the state.

Major investment proposals approved during SLSWCC's meeting included setting up of Pratibha Patil Sugar Industries in Vijayapura district with an investment of Rs 490 crore and establishment of Aequs Consumer Unit 3 in Dharwad with an outlay of Rs 456 crore.

Tata Semiconductor Assembly and Test Private Limited will be coming to Kolalwith an investment of Rs 200 crore and offering 155 new jobs; Maruti Suzuki India Ltd has set its sights on Nelamangala in Bengaluru Rural district with aninvestment of Rs 138 crore; South West Mining Limited will have a set-up atMusinayakanahalli and Torangallu in Sandur taluk of Ballari district with aninvestment of Rs 411 crore, offering jobs to 65 people, to name a few. The government has also approved 26 projects involving more than Rs 50 crore of investment with the potential to create 13,742 jobs.

Of the total 91 proposals showing the green light, 57 are valued between Rs 15 crore and Rs 50 crore, promising a job potential of 4,404.

▼▼▼

Google Faces Another Round of Layoffs and $93M Settlement in Location Tracking Case

Arm Holdings Shares Gain Nearly 25% in Biggest IPO Since Late 2021

A once-bankrupt and restructured company today announces its establishment of a new PCB production base in Thailand

Taiwan to Be Top Consumer of Semiconductor Fab Equipment Next Year

China-based Chip Processing Units to be Sold for $66.3 Million by SK Enpulse

GlobalFoundries Unveils Official Opening of $4 Billion Expansion Facility in Singapore, Creating 1,000 New Jobs

Faces Increased Challenges in China, Apple to Keep Buying 5G Chips From Qualcomm Until 2026

Samsung Electronics Loses Top Semiconductor Sales Spot in Q2 to Intel

......

Read more latest news about the PCB and semiconductor industry here