Tarq Semiconductors to Spark 11,000 Job Opportunities in Semicon Industry By CIOTechOutlook Team

Tarq Semiconductors to Spark 11,000 Job Opportunities in Semicon Industry

CIOTechOutlook Team | Monday, 02 December 2024, 05:31 IST

Tarq Semiconductors intends to create 1,000 direct and 10,000 indirect employment opportunities, whereas Vama Sundari Investments will aim for the development of 3,780 direct and indirect jobs. Their nearness to the Noida international airport is viewed as a strategic benefit for incorporating Uttar Pradesh into India’s growing semiconductor sector.

The initiatives suggested by Tarq Semiconductors Pvt Ltd and Vama Sundari Investments (Delhi) Pvt Ltd are projected to draw a total investment of ?32,146 crore. The initiatives put forward by Tarq Semiconductors Pvt Ltd and Vama Sundari Investments (Delhi) Pvt Ltd are anticipated to draw a total investment of ?32,146 crore.

The initiatives suggested by Tarq Semiconductors Pvt Ltd and Vama Sundari Investments (Delhi) Pvt Ltd are anticipated to draw a total investment of ?32,146 crore, they mentioned.

Tarq Semiconductors, within the Hiranandani Group, aims to allocate ?28,440 crore in Sector 28 for the manufacturing of compound semiconductors, silicon photonics devices, integrated circuits, and optoelectronic components. In the meantime, Vama Sundari Investments has allocated ?3,706 crore to set up a manufacturing facility in Sector 10, dedicated to display driver integrated circuits (DDIC) and semiconductor assembly, officials noted.

“These facilities will position Uttar Pradesh as a key player in India’s semiconductor ecosystem,” said Arun Vir Singh, chief executive officer of the Yamuna Expressway Industrial Development Authority (Yeida). However, both projects await final approval from the central government to commence operations, according to officials.