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Five approved semiconductor units across India and projects in pipeline
Economic Times
·
11m ago
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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Approved semiconductor projects to produce over 24 billion chips per annum: Official - The Economic Times
Economic Times
·
6d ago
Medial
The Indian government has approved six semiconductor projects, including a wafer fabrication plant by Tata Electronics and five packaging units, set to produce over 24 billion chips annually. These projects, supported by a ₹76,000-crore scheme, aim to boost India's semiconductor ecosystem. Additional Secretary Amitesh Sinha highlighted India's long-term commitment to semiconductors and urged German companies to collaborate. The focus is on developing a supply chain and exploring advanced technologies like 2D materials and graphene.
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Chipmaker Lam Research announces Rs 10,000-crore investment in India
Economic Times
·
5m 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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India imported semiconductor chips worth Rs 1.71 lakh crore last fiscal: MoS IT
Economic Times
·
8m ago
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.
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Govt achieved several firsts in 2024 including approval of four semicon projects: Meity
Economic Times
·
7m ago
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.
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Karnataka: Cabinet committee clears sops for three semiconductor projects
Economic Times
·
2m ago
Medial
The Karnataka cabinet subcommittee, led by Chief Minister Siddaramaiah, approved incentives for investments by Applied Materials, Lam Research, and Bharat Semi Systems to bolster the state's semiconductor industry. The projects include an R&D Fab by Applied Materials in Bengaluru, two units by Lam Research for advanced semiconductor technologies, and a design manufacturing facility by Bharat Semi Systems in Mysuru. These initiatives aim to make Karnataka a global semiconductor hub, creating over 3,500 jobs.
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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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India's industries must foray into cutting-edge tech to attract more chip fabrication units: Intel's Christoph Schell
Economic Times
·
1y ago
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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Karnataka's first semicon unit to come up in Mysuru, to add 460 jobs
Economic Times
·
7m ago
Medial
The Karnataka government has approved nine projects, including the state's first semiconductor project near Mysuru. Silectric Semiconductor will invest Rs 3,426 crore in the project, creating around 460 jobs. The other projects approved by the state high-level clearance committee involve a combined investment of Rs 9,823 crore, potentially adding 5,605 jobs. The government has urged investors to meet their commissioning timelines, with penalties for delays. The approved projects include investments in IT, engineering, and manufacturing sectors.
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India’s semiconductor industry to grow to $109 billion by 2030: MoS IT tells Lok Sabha
Economic Times
·
1y ago
Medial
The Indian semiconductor industry is expected to grow substantially by 2030, reaching $109 billion from the current $38 billion in 2023. The government has approved the establishment of four semiconductor units with a total investment of Rs 1.48 lakh crore under the India Semiconductor Mission. Additionally, 13 semiconductor design companies have been approved. The government provides fiscal support and incentives to encourage chip manufacturing and product design in the country. Through these initiatives, significant investments have been made, leading to the production of Rs 18,083.55 crore as of June 30.
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India to rank among top five globally in semiconductor manufacturing by 2026: Ashwini Vaishnaw
Economic Times
·
1y ago
Medial
India is expected to become one of the top five countries for semiconductor manufacturing in the next five years, according to India's Minister for Telecommunication and IT, Ashwini Vaishnaw. The country's semiconductor program aims to establish a complete ecosystem rather than just focusing on one chip foundry unit. India has recently initiated the construction of four semiconductor units, including the country's first commercial chip foundry in Gujarat. Vaishnaw also highlighted India's significant growth in electronics manufacturing over the past decade, with the industry now worth $110 billion.
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