Uttar Pradesh approves incentive worth Rs 8,500 crore for Noida Semiconductor projects
The Uttar Pradesh state government has approved incentives amounting to over Rs 8,500 crore for two major semiconductor manufacturing projects that are planned to come up near Noida International Airport along the Yamuna Expressway.
Tarq Semiconductors, part of the Hiranandani Group, and HCL subsidiary Vama Sundari Investments will invest Rs 32,146 crore to establish manufacturing facilities in the YEIDA region. Tarq Semiconductors is planning to set up a unit on 125 acres of land in Sector 28. The proposed facility will manufacture compound semiconductors: gallium nitride, silicon carbide, and gallium arsenide, Along with silicon photonics devices, integrated circuits, and optoelectronic components.
Vama Sundari Investments would invest Rs 3,706 crore to establish its unit in Sector 10.
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