Explore Business Standard
The government plans to invest Rs 4,500 crore to modernise state-owned chip company Semi-Conductor Laboratory (SCL) over the next three years, union minister Ashwini Vaishnaw said on Friday. Semi-Conductor Laboratory (SCL), an autonomous body under the Ministry of Electronics and Information Technology (MeitY), is the only integrated device manufacturing facility in the country providing end-to-end solutions for the development of Application Specific Integrated Circuits (ASICs), opto-electronics devices, and Micro Electro Mechanical System (MEMS) devices. The minister said that the centre has requested the Punjab government for a 25-acre parcel of land to support the expansion. "SCL will be modernised with an investment of Rs 4,500 crore over a period of the next three years," Vaishnaw said at the device handling ceremony here. He said SCL will play a significant role in realising the vision of Prime Minister Narendra Modi for semiconductors and assured that there is no question o