New Delhi, Oct. 19 -- Union IT and railways minister Ashwini Vaishnaw on Saturday announced that Kaynes Semiconductor has started chip production, making it the second unit in India to begin manufacturing under the government's India Semiconductor Mission (ISM).

"The second semiconductor plant started production last week. First was CG Semi, and now it's Kaynes," Vaishnaw said at the GST Bachat Utsav press conference in New Delhi. Finance minister Nirmala Sitharaman and commerce minister Piyush Goyal also attended the briefing.

The Kaynes unit, approved in September 2024 with an investment of Rs.3,300 crore, is located in Sanand, Gujarat. With a capacity of six million lakh chips per day, it will cater to applications across industrial,...