Mohali, Nov. 28 -- The Centre will spend Rs.4,500 crore over the three years to modernize state-run Semi-Conductor Laboratory (SCL) in Mohali, electronics and IT minister Ashwini Vaishnaw told reporters on the sidelines of the chips-to-startups programme at the facility on Friday.

The Centre plans to fund the investment from the Rs.76,000 crore India Semiconductor Mission (ISM 1.0).

"The investment will help in SCL modernization. The plan is to scale up the current production level by 100 times and create new IPs (intellectual property)," he said.

For further expansion of SCL Mohali, Vaishnaw said there is a requirement for 25 acres of land. "We have urged the Punjab government that we need 25 acres of land. The sooner they give,...