IT company HCL Technologies expects to double semiconductor services business in 3-4 years following capabilities that it will develop around electronic chip plants to be set by its group firm. HCL Group is among the companies that have applied to set up electronic chip plants under the "Scheme for Compound Semiconductors."

GurujeeKumaran Swami, Vice-Chairman, United Kingdom-based SRAM & MRAM, announced that the group will invest Rs 2 lakh crore in Odisha to set up semiconductor unit in the state. The announcement was made at the Make in Odisha (MIO) Conclave, 2022.

The government of India will invest $ 30 billion in electronics and semiconductors. The investment will help in creating manufacturing, packaging, verification, design and skill capacities in the country.

The government is expecting major investments under its plan to increase support for new semiconductor and display facilities. The current investment expectation is to the tune of at least $25 billion for electronics and technology.

Adani Group firm AdaniConneX is planning to build 1,000 megawatt data centres almost double the present size of the total industry over a period of 10 years. The first seven data centres of the company will come up in Mumbai, Chennai, Hyderabad, Delhi, Bengaluru and Pune.

A new semiconductor high-technology park at an investment of Rs 25,600 crore spread over the next five years, would be set up in Tamil Nadu by Singapore-based group IGSS Ventures.

International semiconductor consortium ISMC will invest Rs 22,900 crore in Karnataka to set up a chip-making plant amid a scramble by states to attract fabs.

Triveni Engicons awarded contract for construction of wharfwall coal loading system along with construction of railway formation, minor bridges, drains, supply of p. Way materials and track linking work and road connectivity in connection with proposed mgr loading yard at NTPC-Talaipalli.

Vedanta in partnership with Foxconn will set up a semiconductor manufacturing plant in the next 2 years.