CURRENT AFFAIRS

Detailed explanation-1: -Gujarat government on Tuesday announced the “Gujarat Semiconductor Policy 2022-2027” to attract investments in the Chip manufacturing sector and became the the first state in the country to announce a dedicated policy to support the semiconductor and display manufacturing sector.

Detailed explanation-2: -Gujarat becomes first Indian state to launch semiconductor policy 2022-27 (UPSC Current Affairs)

Detailed explanation-3: -Vedanta and Foxconn, in a 60-40 joint venture, will be setting up India’s first semiconductor production plant, a display fab unit, and a semiconductor assembling and testing unit over 1000 acres in Ahmedabad, state of Gujarat.

Detailed explanation-4: -AHMEDABAD: With an aim to boost manufacturing of semiconductors in the state and creating some two lakh jobs over the next five years, Gujarat on Wednesday became the first state to launch a Semiconductor Policy 2022-27.

Detailed explanation-5: -The state of Gujarat has unveiled its Semiconductor Policy for 2022-27 in a bid to strengthen its electronics system design and manufacturing ecosystem and become part of the sector’s global value chain.