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Five approved semiconductor units across India and projects in pipeline

Economic TimesEconomic Times · 11m ago
Five approved semiconductor units across India and projects in pipeline
Medial

India Semiconductor Mission (ISM) has approved five semiconductor units to receive subsidies from the central and state governments. These units include Micron Technology, Tata Electronics Private Limited in partnership with Powerchip Semiconductor Manufacturing Corp, Tata Semiconductor Assembly and Test Pvt Ltd, CG Power in partnership with Renesas Electronics Corporation and Stars Microelectronics, and Kaynes Semicon. These units will generate employment opportunities in various industries and accelerate the development of the semiconductor ecosystem in India. Additionally, there are projects in the pipeline from Tower in partnership with Adani, Suchi Semicon, Foxconn Technology Group and HCL Group, and ASIP and APACT Limited. Tarq Semiconductors, owned by Hiranandani Group, has also sought approval for its facilities.

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India imported semiconductor chips worth Rs 1.71 lakh crore last fiscal: MoS IT

Economic TimesEconomic Times · 8m ago
India imported semiconductor chips worth Rs 1.71 lakh crore last fiscal: MoS IT
Medial

The Indian government plans to reduce its semiconductor chip imports by promoting domestic chip manufacturing projects. In the fiscal year 2023-24, India imported chips and related components worth Rs 1.71 lakh crore. To address this, the government has approved five semiconductor chip manufacturing and assembly projects with a total investment of Rs 1.52 lakh crore. Additionally, they have approved proposals from 15 semiconductor design companies and provided access to necessary tools for chip design. The government is also investing in training engineering students for careers in the semiconductor industry and has allocated funds for capacity building and skill development.

Govt achieved several firsts in 2024 including approval of four semicon projects: Meity

Economic TimesEconomic Times · 8m ago
Govt achieved several firsts in 2024 including approval of four semicon projects: Meity
Medial

The Ministry of Electronics and Information Technology has approved four semiconductor development projects in 2024. These include one chip fabrication project and three chip packaging units. The chip fabrication unit, a joint venture between Tata Electronics and Powerchip Semiconductor Manufacturing Corporation, will be located in Gujarat and have a capacity of manufacturing 50,000 wafer starts per month. Additionally, two chip packaging units will be built in Gujarat and Assam, with capacities of over 70 million chips per month combined. The ministry has also developed and deployed the India AI platform to encourage safe and trusted artificial intelligence deployment.

India's industries must foray into cutting-edge tech to attract more chip fabrication units: Intel's Christoph Schell

Economic TimesEconomic Times · 1y ago
India's industries must foray into cutting-edge tech to attract more chip fabrication units: Intel's Christoph Schell
Medial

Intel's CEO, Pat Gelsinger, stated that semiconductor supply chains in Asian countries such as India, China, Malaysia, Taiwan, Vietnam, and Indonesia are becoming increasingly significant for the company. Intel aims to have semiconductor fabrication or packaging and manufacturing units in these regions. However, Intel isn't planning to set up a semiconductor fabrication unit in India in the near future. Intel plans to invest over $100 billion in its semiconductor capacities in the US over the next five years. Christoph Schell, Intel's Chief Commercial Officer, emphasized the importance of local industries adopting cutting-edge technologies to attract semiconductor fabrication units to India.

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