Major MoUs and Announcements in Semiconductor Sector in Gujarat; Hotayi to Invest ₹500 Crore
March 01, 2026
Gandhinagar: In a significant boost to India’s electronics and semiconductor ecosystem, the Gujarat State Electronics Mission (GSEM) and the Department of Science and Technology (DST) witnessed a flurry of agreements and announcements on the first day of the Semicon summit, March 1, 2026. The event highlighted multi-million-crore investments, the launch of key policies, and a strong focus on research and skill development.
Major Industrial Investments and Manufacturing
Leading the day’s investment announcements was Hotayi Industries, which committed between ₹350–₹500 crore to establish a manufacturing facility for memory modules at GIDC Sanand. This was accompanied by two other significant chemical and equipment-related investments:
- Hyspec Chemicals Private Limited signed an MoU for the production of specialized semiconductor-grade chemicals.
- Kiansh / GnBS announced investments focused on setting up Gas Abatement Systems, a critical component for sustainable semiconductor manufacturing.
Research, Development, and Infrastructure Hubs
The summit also prioritized long-term innovation with several R&D and institutional announcements:
- HORIBA announced the establishment of an R&D Centre in Ahmedabad dedicated to advanced materials and semiconductor-grade mass flow meters.
- CDAC, Bangalore, will expand its footprint in the state by establishing a ChipIN Extension Centre and a Center of Excellence (CoE) in VLSI design.
- The National Institute of Electronics and Information Technology (NIELIT) signed an agreement to set up a dedicated campus at ITI Chandkheda, focusing on advanced electronics and semiconductor courses to build a future-ready workforce.
Strategic Partnerships and Global Collaboration
The semiconductor mission saw high-profile collaborations between industry leaders aimed at strengthening the supply chain:
- Suchi Semicon entered a strategic collaboration with ROHM, while Kaynes Technology partnered with SpectraGaze.
- In a move to secure the burgeoning ecosystem, the “Project Semicon Shield” was launched by SP-Ahmedabad in collaboration with GIDC and DICDL.
- The event featured a global perspective with a video address from Dr. Sethuraman Panchanathan of Arizona State University, USA.
New Policies and Academic Integration
The state officially launched its STI Policy (Science, Technology, and Innovation Policy) to provide a roadmap for future growth. Furthermore, construction has officially commenced for Project SAMARTH, a collaborative effort with IIT Gandhinagar.
These developments mark a decisive step toward positioning Gujarat as a global semiconductor hub, integrating manufacturing prowess with high-end research and a secure, policy-driven environment.
| Sr. No. | MoU / Announcement | Signatories / Key Details |
|---|---|---|
| 1 | Launch of STI Policy and video presentation. | Advisor, Gujcost |
| 2 | Hotayi Industries: Investment of ₹350–500 Cr for manufacturing memory modules at GIDC Sanand. | Chairman, Hotayi & Secretary, DST & MD, GSEM |
| 3 | HORIBA: Establishment of an R&D Centre in Ahmedabad for semiconductor-grade mass flow meters and advanced materials. | President, Horiba India & Secretary, DST & MD, GSEM |
| 4 | Hyspec Chemicals Private Limited: Investment for manufacturing semiconductor-grade speciality chemicals. | Director, Hyspec Chemicals Private Limited & Secretary, DST & MD, GSEM |
| 5 | Kiansh / GnBS: Investment for setting up Gas Abatement Systems. | CEO, Kiansh, Secretary, DST & MD, GSEM |
| 6 | Strategic collaboration between Suchi Semicon and ROHM. | Ashok Mehta (Founder, Suchi), Shetal Mehta (Suchi) & MD, ROHM |
| 7 | Strategic collaboration between Kaynes Technology and SpectraGaze. | Shri Ramesh Kannan (MD, Kaynes), Raghu Panicker (CEO, Kaynes) & Arup Banerjee (CEO, SpectraGaze) |
| 8 | NIELIT Campus at ITI Chandkheda dedicated to advanced electronics and semiconductor courses. | DG, NIELIT & Director, DET |
| 9 | Establishment of a ChipIN Extension Centre and CoE in VLSI design by CDAC, Bangalore in Gujarat. | ED, CDAC & MD, GSEM |
| 10 | Announcement of commencement of construction for Project SAMARTH with IIT Gandhinagar. | — |
| 11 | Video Address by Dr. Sethuraman Panchanathan from Arizona State University. | Chair Professor and Executive Vice President @ ASU, USA |
| 12 | Project Semicon Shield: Initiative by SP-Ahmedabad to secure and strengthen the semiconductor ecosystem growth. | SP-Ahmedabad, MD-GIDC, MD-DICDL |
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