🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Centre Mulls Expanding Scope Of INR 76,000 Cr India Semicon Mission

Inc42 · 10m ago

Centre Mulls Expanding Scope Of INR 76,000 Cr India Semicon Mission

The Indian government is planning to expand the incentives offered under the India Semiconductor Mission (ISM) to include display fabrication companies, raw material suppliers, gas suppliers, and chip packaging companies. The aim is to attract more investments in the semiconductor sector by extending the benefits beyond fabs or OSAT units. The government is also considering increasing the budget of the INR 76,000 Cr scheme as a significant portion has already been allocated.

1

Related News

UP Bags INR 40K Cr Commitments Under Semiconductor Policy

Inc42 · 1y ago

UP Bags INR 40K Cr Commitments Under Semiconductor Policy

Hiranandani Group's subsidiary Tarq Semiconductor has proposed an investment of INR 28,440 Cr in Uttar Pradesh, while Kaynes Semicon plans to invest INR 4,248 Cr. These projects are estimated to generate over 32,000 job opportunities. Under the UP Semiconductor Policy 2024, both companies are eligible for a 50% capital subsidy in addition to the subsidy provided by the Indian government through the India Semiconductor Mission.

Cabinet Approves IndiaAI Mission, Allocates INR 10,372 Cr To Spur AI Innovation

Inc42 · 1y ago

Cabinet Approves IndiaAI Mission, Allocates INR 10,372 Cr To Spur AI Innovation

The Indian government has approved an investment of INR 10,372 crore ($1.4 billion) over the next five years for the IndiaAI Mission. The funds will be used to foster innovation and develop the indigenous AI ecosystem through a public-private partnership model. A portion of the budget will also be allocated to support emerging AI startups and facilitate funding and financing. The mission will include initiatives such as building AI computing infrastructure, creating an innovation centre, enhancing accessibility to datasets, and expanding AI skills training programs.

Govt May Tap Into VGF To Create More Compute Capacity: IT Secy

Inc42 · 9m ago

Govt May Tap Into VGF To Create More Compute Capacity: IT Secy

The Indian government's India AI Mission plans to allocate over INR 4,500 crore for compute capacity. Once high-tech "compute" capability is established, the Centre will consider exploring the viability gap funding (VGF) route. The AI Mission aims to democratize access to compute power, support AI-driven startups, and scale up AI applications.

Kaynes Semicon opens chip design centre in Oman with its IT ministry

Economic Times

Economic Times · 1m ago

Kaynes Semicon opens chip design centre in Oman with its IT ministry

Kaynes Semicon, a subsidiary of Kaynes Technology India, opened its first overseas chip design centre in Muscat, Oman, in partnership with Oman’s IT and labour ministries. The centre will train 80-100 students annually in advanced VLSI technologies, enhancing their skills in semiconductor design. The initiative, funded by the Oman government, aims to boost international semiconductor ecosystems. This follows Kaynes' plans to set up a semiconductor assembly facility in India, approved with a significant investment.

Kaynes set to deliver India’s first packaged chip by July

Economic Times

Economic Times · 3m ago

Kaynes set to deliver India’s first packaged chip by July

Kaynes Semicon, based in Mysuru, is set to become the first Indian company to deliver packaged semiconductor chips by July, supporting the India Semiconductor Mission 1.0. The company has received government approval to establish a Rs 3,307 crore OSAT facility in Gujarat, projected to produce 6.3 million chips daily. Kaynes has a multi-year deal with Alpha Omega Semiconductor and anticipates significant revenue, expanding its ventures with a new PCB factory in Tamil Nadu and additional projects in Odisha and Madhya Pradesh.

Govt Mulls Separate Semiconductor R&D Unit With Short Project Timelines

Inc42 · 1y ago

Govt Mulls Separate Semiconductor R&D Unit With Short Project Timelines

The Indian government is considering the establishment of a dedicated research and development (R&D) centre for semiconductors. The proposed India Semiconductor Research Centre (ISRC) aims to focus on semiconductor research that can quickly be put into industrial production. The R&D centre would operate separately from other research activities and could potentially evolve into an independent entity. The detailed plans for the initiative are expected to be revealed after June's general elections. The semiconductor industry in India is experiencing significant growth and is projected to reach a market value of $55 billion by 2026.

Blackstone to develop Rs 4,500 Cr data centre in Hyderabad

YourStory

YourStory · 5m ago

Blackstone to develop Rs 4,500 Cr data centre in Hyderabad

Blackstone has partnered with the Telangana government to develop a 150 MW data centre in Hyderabad, investing Rs 4,500 crore. Teaming up with JCK Infra, the data centre will support hyperscale clients, AI applications, and cloud services, enhancing the global digital ecosystem. This initiative aligns with Telangana's vision to attract global enterprises. Meanwhile, Microsoft plans a $3 billion investment in India to expand its Azure capacity and support AI development under the IndiaAI Mission.

Chipmaker Lam Research announces Rs 10,000-crore investment in India

Economic Times

Economic Times · 5m ago

Chipmaker Lam Research announces Rs 10,000-crore investment in India

Lam Research, a US-based semiconductor company, announced a significant investment of Rs 10,000 crore in India, marking a major milestone in India's semiconductor sector. This investment aligns with the government's vision to establish India as a global semiconductor manufacturing and design hub. Under the India Semiconductor Mission (ISM), several semiconductor units, including projects by Micron, Tata Electronics, and others, have been approved for government subsidies, with an overall planned outlay of Rs 76,000 crore.

MeitY To Seek More Funds From Fin Min for Semicon Mission

Inc42 · 1y ago

MeitY To Seek More Funds From Fin Min for Semicon Mission

MeitY has allocated INR 70,000 Cr out of the total INR 76,000 Cr for the SPECS scheme. The ministry is also working on a follow-up scheme to complement SPECS. The homegrown semiconductor industry is projected to grow to a market size of $150 Bn by 2030.

EU mulls easing merger rules for telecoms, Big Tech to help pay network costs

Reuters · 1y ago

EU mulls easing merger rules for telecoms, Big Tech to help pay network costs

EU regulators are considering relaxing rules on telecoms mergers and expanding telecoms regulations to encourage Big Tech companies and others to contribute to the rollout of 5G, according to a European Commission document. The document highlights the fragmented nature of the European telecoms market and suggests that cross-border consolidation or cooperation could help operators achieve the necessary scale for investment in future networks. The scope of existing telecoms rules could also be extended to address the convergence between electronic communications networks and cloud services. Feedback from stakeholders will be sought on the document.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Download the medial app to read full posts, comements and news.