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India is going to be the next big semiconductor destination: Ashwini Vaishnaw

Economic Times · 24d

- India is set to become a major player in the semiconductor industry, with the government's focus on building a strong ecosystem for chip manufacturing. - Micron Technology is expected to launch the first made-in-India memory chips by early 2025. - Construction work is progressing well for chip packaging facilities like CG Power's Sanand facility in Gujarat and Tata Electronics' ATMP facility in Assam. - The recent technology agreement between Tata Electronics and Taiwan's Powerchip Semiconductor Manufacturing Corp for India's first fabrication unit in Gujarat's Dholera is a significant step forward. - India offers a talented workforce, consistent policies, and clarity of thought, making it an attractive destination for global companies. - The momentum of US companies shifting away from China continues, largely driven by the availability of skilled talent in India.