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Semiconductor Fabs Will Boost India’s Tech Self-Reliance: Modi
Inc42
·
1y ago
Medial
The Indian government has approved the establishment of three semiconductor plants, including a mega fab by Tata Group, with a total investment of INR 1.26 lakh crore. Prime Minister Narendra Modi stated that these units will enhance India's journey to technological self-reliance and position the country as a global hub in semiconductor manufacturing. The Tata Group will partner with Taiwan's Powerchip Semiconductor Manufacturing Corp to set up a semiconductor fab in Gujarat. Two other semiconductor proposals by Tata Semiconductor Assembly and Test Pvt Ltd (TSAT) and CG Power-Renesas have also been approved. Additionally, Samsung has unveiled a new semiconductor research and development facility in Bengaluru.
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Zoho halts $700 mn chip plan, hits India’s semi aspirations
Inshorts
·
2m ago
Medial
Zoho Corporation has paused its $700 million semiconductor project due to the lack of a suitable tech partner, stalling India’s chip manufacturing goals. The Karnataka-based unit was expected to create 460 jobs. CEO Sridhar Vembu emphasized the need for technological self-reliance. Zoho now refocuses on software, while the government continues semiconductor investment efforts.
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Semiconductor units will strengthen India's transformative journey for tech self-reliance: PM Modi
Economic Times
·
1y ago
Medial
Prime Minister Narendra Modi has announced that the upcoming semiconductor units in India will contribute to the country's journey towards technological self-reliance. The government has approved proposals to establish three semiconductor plants, including a mega fab by Tata Group, with a combined investment of Rs 1.26 lakh crore. The move aims to position India as a global leader in chip manufacturing. Incentives of up to Rs 76,000 crore are being offered to boost domestic semiconductor manufacturing, which is crucial for electronic devices in various sectors. Construction of the approved units is expected to commence within the next 100 days.
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'Tata's Gujarat semi-conductor unit to create 50,000 jobs': Chandrasekaran to PM Modi from Dholera
Economic Times
·
1y ago
Medial
Prime Minister Narendra Modi has taken a significant step towards advancing India's semiconductor industry by virtually laying the foundation of three semiconductor fabrication facilities. The facilities are set to be established in Gujarat and Assam, with two in Gujarat and one in Assam. This move is expected to boost India's pursuit of becoming self-reliant in the semiconductor sector.
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Chip testing incentives may significantly fall as India chases bigger ambitions
Livemint
·
9m ago
Medial
The Indian government is reducing support for semiconductor assembly and testing factories, signaling a shift towards prioritizing higher value-added offerings. The India Semiconductor Mission (ISM) will decrease fiscal support for capital expenditure on setting up outsourced semiconductor assembly and testing (OSAT) factories from 50% to 20%. The government is now looking to prioritize display fabs, chip fabs, and the semiconductor components supply chain. Experts suggest that OSATs will continue to play a crucial role in the semiconductor industry and are expected to develop autonomously in India as business opportunities grow.
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Tata Electronics plans to build two more fabs in Dholera | Mint
Livemint
·
10m ago
Medial
Tata Electronics is planning to set up two additional semiconductor fabs in Dholera, Gujarat, as part of its long-term strategy to produce chips locally and meet global demand. The first fab is currently being developed in partnership with Powerchip Semiconductor Manufacturing Corporation (PSMC). The decision about the timing and partner for the second and third fabs will be made later. The capacity and technology of the new fabs will depend on market demand and technological advancements in the industry. The first fab is expected to start chip production in 2026 with a monthly capacity of up to 50,000 wafers.
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Reversing Brain Drain Is Crucial For India's Tech Self-Reliance: IIT Madras'
OutlookIndia
·
4m ago
Medial
Veezhinathan Kamakoti, Director of IIT Madras, emphasizes the importance of reversing brain drain for India's tech self-reliance. With foreign-trained Indian professionals eager to return home, this reverse brain drain is crucial, particularly in semiconductor and fabrication sectors. India's goal of achieving self-reliance depends on encouraging these experts to contribute their global experience domestically, thereby bridging critical knowledge gaps and enhancing the country's technological capabilities.
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Chip(per) ambitions: Why India needs its wafer fabs
Livemint
·
1y ago
Medial
India is aiming for self-reliance in semiconductor manufacturing by establishing its first indigenous semiconductor fabrication unit in 2026. The Tata unit is set to produce chips from scratch, while US-based Micron Technology's plant will handle packaging and testing. The move comes as the pandemic highlighted India's dependency on global supply chains for chips. Despite facing challenges posed by other advanced semiconductor-producing nations, India is making significant investments in the sector and expects its semiconductor manufacturing capacity to reach 1.8 lakh wafers per month. This push for self-reliance is crucial for national security and economic prosperity.
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L&T aims to become first Indian semicon chip maker in global market: CEO | Mint
Livemint
·
11m ago
Medial
Engineering and construction conglomerate L&T Semiconductor Technologies (LTSCT) plans to invest $10-12 billion in building three semiconductor fabs in India over the next five to 10 years. The company aims to become a multinational semiconductor player and the first global semiconductor company operating from India, with headquarters in the country and a presence in the US, Europe, and Japan. The investment is contingent on generating $1 billion in annual revenues, and the fabs will produce different technologies such as high-end silicon chips, mid-to-low-end silicon carbide chips, and gallium nitride chips.
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Mudra loan empowering countless individuals to showcase their entrepreneurial skills: PM
YourStory
·
3m ago
Medial
Prime Minister Narendra Modi announced that over Rs 33 lakh crore in collateral-free loans have been sanctioned under the Mudra Yojana to boost entrepreneurship in India. Celebrating the scheme's 10th anniversary, Modi highlighted its impact on financial and social inclusion, especially benefiting women and marginalized communities. The PM assured ongoing enhancements to the scheme, which offers up to Rs 20 lakh in loans to support income-generating ventures across various sectors, promoting self-reliance and economic freedom.
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Vietnam eyes first semiconductor plant, US officials warn of high costs
Economic Times
·
1y ago
Medial
Vietnam Eyeing First Semiconductor Plant as US Officials Warn of High Costs Vietnam is considering the establishment of its first semiconductor plant, despite warnings from US officials about potential high costs. The country is seeking to reduce its reliance on imported technology and boost its domestic semiconductor industry. However, US officials have cautioned Vietnam that building a high-tech semiconductor plant could be expensive, with costs potentially reaching billions of dollars.
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