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Centre to expand semiconductor scheme, looks to get raw material suppliers: ISM chief
Economic Times
·
11m ago
Medial
The Indian government plans to expand its semiconductor chip fabrication and packaging scheme under the second phase of the India Semiconductor Mission. Around 20 proposals have been made by semiconductor chip fabrication units, display fabrication companies, raw material suppliers, and chip packaging companies. The goal is to attract more investment in the sector, promote the growth of the semiconductor industry, and strengthen the ecosystem by bringing in other companies such as raw material suppliers and gas companies. Currently, a proposal by Tower Semiconductor to set up a chip fabrication unit is under consideration.
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Centre Mulls Expanding Scope Of INR 76,000 Cr India Semicon Mission
Inc42
·
11m ago
Medial
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.
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Second phase of semiconductor mission to focus on component cos: Ashwini Vaishnaw
Economic Times
·
11m ago
Medial
The Indian government is planning to launch the second phase of the India Semiconductor Mission (ISM), aiming to bring the entire semiconductor ecosystem to India. This initiative includes component companies, raw material suppliers, semiconductor fabrication units, and chip packaging units. The government will need three to four months to finalize ISM 2.0 and plans to present the proposals to the cabinet soon, as well as a modernization plan for the Semiconductor Laboratory in Mohali. The focus is on increasing the availability of raw materials and developing the entire ecosystem, including equipment and specialized materials.
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India's chip industry: From stalled to successful
Economic Times
·
10m ago
Medial
India has made significant progress in its semiconductor industry with the successful first phase of the India Semiconductor Mission (ISM), resulting in the approval of five semiconductor projects. These projects include chip packaging plants and a chip fabrication unit, expected to be operational by 2027. The second phase of ISM is expected to focus on partnerships with global semiconductor leaders, expanding the raw material ecosystem, and developing skilled talent. Domestic companies like Tata Group and Murugappa Group have entered the sector, indicating India's openness to semiconductor manufacturing. Government support and nurturing the full supply chain are crucial for building a holistic semiconductor ecosystem. Skilled workforce development is also highlighted as a key factor for success.
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MyGov chief Akash Tripathi set to become new CEO of India Semiconductor Mission
Economic Times
·
1y ago
Medial
Akash Tripathi, the CEO of MyGov, is set to become the new CEO of the India Semiconductor Mission (ISM) from October 9. The ISM was launched in December 2021 with a funding of $10 billion to establish a semiconductor manufacturing ecosystem in India. Tripathi's appointment comes as the tenure of the current ISM CEO, Amitesh Kumar Sinha, is ending. The ISM is responsible for screening and shortlisting eligible applications for subsidies under the semiconductor mission.
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India’s Semicon Mission likely to get a fiscal helpline for 8 years
Economic Times
·
11m ago
Medial
The Indian government is considering extending the fiscal support period under the second phase of the India Semiconductor Mission (ISM) to eight years from the current five years. Applicants whose projects get approval under ISM Phase-II may receive additional financial grants for skill training, an option for an interest-free loan, and help from the Ministry of Electronics and Information Technology. However, financial support for technology transfer costs may be withdrawn, and the outlay for administrative expenses may be increased. The ISM is likely to receive a second budgetary allocation of up to $10 billion.
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India set to inject another booster to realize its chip ambition
Livemint
·
12h ago
Medial
India plans to extend chip supply chain incentives as its initial $10 billion commitment is fully allocated. As part of the India Semiconductor Mission, the government aims to include indigenous design, equipment suppliers, material suppliers, and other components of the semiconductor supply chain. This strategy is unveiled by S. Krishnan, secretary of the ministry of electronics and information technology, ahead of the fourth Semicon India event, seeking global partnerships in the chip supply chain sector.
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Centre Tightens Localisation Norms For EV Component Suppliers
Inc42
·
10m ago
Medial
- Centre tightens localisation norms for EV manufacturers under PM E-DRIVE scheme - Beneficiaries of the EV promotion scheme must disclose component source and inform MHI of any changes - Testing agencies granted rights to inspect premises of EV component suppliers - Stricter rules and regulations to ensure transparency in the subsidy program - Measures taken to prevent misuse of subsidies and ensure quality in EV manufacturing
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Semicon Mission-2 will likely shift focus away from chip packaging units. Here's why
Economic Times
·
1y ago
Medial
The Indian government is expected to provide minimal financial incentives for semiconductor chip packaging units in the second phase of the India Semiconductor Mission (ISM). The focus of this phase will be on funding and incentives for compound semiconductor fabrication and silicon photonics, as part of India's efforts to establish its own semiconductor ecosystem.
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Chipmaker Lam Research announces Rs 10,000-crore investment in India
Economic Times
·
6m ago
Medial
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.
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Centre eyes dedicated R&D wing under semicon research centre
Economic Times
·
1y ago
Medial
The Indian government plans to establish a dedicated research and development (R&D) wing under the India Semiconductor Research Centre (ISRC), with a focus on semiconductor research for industrial production. This initiative aims to foster an intellectual property-driven manufacturing ecosystem and involve both the private and public sectors in semiconductor R&D. The ISRC will concentrate on developing next-generation semiconductors, packaging, systems technologies, processes, and materials. Further details of the scheme will be announced after the general elections in June, and the dedicated R&D center might eventually become an independent entity.
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