Reliance Industries Enters Global Semiconductor Race with ₹75,000 Crore Investment
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Reliance Industries has announced a massive investment in semiconductor manufacturing, partnering with TSMC to establish India's first cutting-edge chip fabrication plant in Gujarat.
In a landmark announcement that signals India's ambitions to become a global semiconductor hub, Reliance Industries Limited (RIL) has unveiled plans to invest ₹75,000 crore ($9 billion) in chip manufacturing over the next five years.
The joint venture with Taiwan Semiconductor Manufacturing Company (TSMC) will establish a 5nm and 3nm chip fabrication facility in the Dholera Special Investment Region near Ahmedabad, Gujarat. The plant is expected to be operational by 2027 and will employ over 15,000 engineers and technicians.