🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Semicon Mission-2 will likely shift focus away from chip packaging units. Here's why

Economic Times

Economic Times · 1y ago

Semicon Mission-2 will likely shift focus away from chip packaging units. Here's why

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.

Related News

Kaynes Semicon, 7 Rays announce collaboration across chip value chain

Economic Times

Economic Times · 9m ago

Kaynes Semicon, 7 Rays announce collaboration across chip value chain

Kaynes Semicon and 7 Rays Semiconductors have joined forces to collaborate in the semiconductor industry, specifically in design and packaging. 7 Rays Semiconductors will support Kaynes Semicon in outsourced semiconductor assembly and test (OSAT) packaging across various sectors such as AI, telecom, automotive, computing, and IoT. The partnership aims to focus on global market connections and supply chain resilience, with a particular emphasis on emerging sectors like cloud storage, AI, IoT, robotics, and advanced mechatronics. Kaynes Semicon has received approval for its chip assembly and packaging unit in Gujarat, with agreements already in place with international customers.

Semiconductor Programme To Focus On Chip Design: Vaishnaw

Inc42 · 1y ago

Semiconductor Programme To Focus On Chip Design: Vaishnaw

India's semiconductor programme, Semicon, is set to produce at least 10 chipsets entirely within the country, including design, fabrication, and packaging. Union Minister of Electronics and Information Technology, Ashwini Vaishnaw, revealed plans for the second version of Semicon, which aims to develop the chip design ecosystem and strengthen India's position in the semiconductor industry. The government also hopes to manufacture the necessary equipment for semiconductor production and gases required in chip fabrication plants domestically. The push for a thriving semiconductor ecosystem in India has resulted in increased startup activity, and tech giant Nvidia has pledged support for the IndiaAI Mission.

Centre to expand semiconductor scheme, looks to get raw material suppliers: ISM chief

Economic Times

Economic Times · 1y ago

Centre to expand semiconductor scheme, looks to get raw material suppliers: ISM chief

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.

Second phase of semiconductor mission to focus on component cos: Ashwini Vaishnaw

Economic Times

Economic Times · 12m ago

Second phase of semiconductor mission to focus on component cos: Ashwini Vaishnaw

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.

'Semiconductor packaging unit in Assam’

Livemint

Livemint · 1y ago

'Semiconductor packaging unit in Assam’

Assam is set to have a ₹25,000 crore semiconductor packaging plant in collaboration with the Assam government and Tata Group. The government aims to attract semiconductor fabrication and packaging units through a ₹76,000 crore financial assistance scheme. US-based Micron Technology has already initiated setting up a packaging unit in Gujarat. The Indian government has received four proposals for semiconductor manufacturing plants and 13 proposals for chip assembly units. The development aligns with the government's focus on equipping young Indians with skills in areas like AI, cybersecurity, and semiconductors through initiatives like futureSKILLS.

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

Economic Times

Economic Times · 8m ago

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

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.

Five approved semiconductor units across India and projects in pipeline

Economic Times

Economic Times · 1y ago

Five approved semiconductor units across India and projects in pipeline

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.

Centre Mulls Expanding Scope Of INR 76,000 Cr India Semicon Mission

Inc42 · 12m ago

Centre Mulls Expanding Scope Of INR 76,000 Cr India Semicon Mission

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.

Semicon India 2025: Ashwini Vaishnaw presents first made-in-India Vikram 32-bit processor to PM Modi - The Economic Times

Economic Times

Economic Times · 7d ago

Semicon India 2025: Ashwini Vaishnaw presents first made-in-India Vikram 32-bit processor to PM Modi - The Economic Times

India unveiled its first fully indigenous 32-bit microprocessor, Vikram, at the Semicon India 2025 conference. The chip, developed by ISRO’s Semiconductor Laboratory, is designed for space launch vehicles, reducing reliance on imports. With five semiconductor units under construction, India is positioning itself as a chip manufacturing hub. Union Minister for Electronics and IT, Ashwini Vaishnaw, emphasized the country's stable policies, rapid semiconductor infrastructure progress, and significant role in global chip design.

India set to inject another booster to realize its chip ambition

Livemint

Livemint · 17d ago

India set to inject another booster to realize its chip ambition

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.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

Aug 2025

Build. Comply. Fund. Fly.

Crypto to INR payments app for Indians

Your CV, Done Right.

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Download the medial app to read full posts, comements and news.