September 9, 2024
2 mins read

UP Goes Big on Chips

Semicon India 2024 will feature a comprehensive exhibition running from September 11 to 13, highlighting cutting-edge advancements in semiconductor technology…reports Asian Lite News

In a major move to position Uttar Pradesh as a key player in semiconductor manufacturing, the Yogi Adityanath-led government is set to host Semicon India 2024 at the India Expo Mart in Greater Noida from September 11 to 13. 

This event, which will be organised in collaboration with SEMI, Messe Muenchen India, and the Electronic Industries Association of India-ELCINA, aims to elevate India’s semiconductor sector and establish the country as a significant global contender.

Prime Minister Narendra Modi will officially inaugurate the event on September 11, with Chief Minister Yogi Adityanath also in attendance.

The semiconductor industry in India is rapidly growing, with forecasts suggesting the regional chip market could exceed $55 billion by 2026.

To harness this potential, the Uttar Pradesh government is actively seeking investments from semiconductor firms.

Semicon India 2024 will feature a comprehensive exhibition running from September 11 to 13, highlighting cutting-edge advancements in semiconductor technology. Manufacturers from around the world will showcase their innovations, providing a glimpse into the industry’s future.

The second day of Semicon India 2024 will delve into critical areas such as cross-regional partnerships, flexible hybrid electronics, supply chain management, and sustainable industry practices.

On the final day, September 13, attendees can look forward to a presentation by Micron on package manufacturing, a semiconductor fabrication boot camp hosted by ISA, and an overview of the semiconductor industry’s progress by IESA.

This year’s Semicon India Exhibition and Conference will be held alongside Electronica India and Productronica India, the largest electronics fairs in Southeast Asia. This landmark event will unite a wide range of domestic and international companies, providing a prime opportunity to explore India’s burgeoning semiconductor sector and discover new business prospects.

Semicon India 2024 will offer a dynamic range of exhibitions, programmes, and networking opportunities, allowing participants to interact with local leaders and government officials and gain insights into India’s semiconductor industry.

The India Semiconductor Mission, backed by major firms like AMD, Applied Materials, and Micron Technology, aims to bolster domestic chip production.

In alignment with this national initiative, the Yogi Adityanath government is actively promoting Uttar Pradesh as a semiconductor manufacturing hub. The newly introduced UP Semiconductor Policy provides substantial incentives, including a 50 per cent additional capital subsidy, 75 per cent land rebate, 100 per cent exemption from electricity duty for 10 years, and a 5 per cent interest subsidy (up to Rs 7 crore).

Chief Minister Yogi Adityanath has urged investors to explore Uttar Pradesh’s potential, as the state strives to become a $1 trillion economy.

Over the past seven years, Uttar Pradesh has evolved into a significant electronics manufacturing hub, with over 200 companies and a dominant 65 per cent share of India’s mobile production. The state is now focusing on expanding its role in the fabless semiconductor sector, leveraging its extensive rail network and growing airport infrastructure, including the forthcoming Noida International Airport. These advancements enhance Uttar Pradesh’s attractiveness for high-tech industries and global chip design and R&D companies.

ALSO READ: From Varanasi to Global Military Glory

Previous Story

Purges in China under Xi Jinping

Next Story

Wyndham Eyes India Expansion

Latest from Business

Maruti’s Global Push Breaks Record

June shipments hit 37,842 units, signalling robust global demand Maruti Suzuki India recorded its highest-ever monthly exports in June, shipping 37,842 units and marking a new milestone that highlights the company’s expanding

India Bats for Fairer Global Finance: FM Sitharaman

FM Sitharaman stated that we believe that optimal regulation fosters innovation and stability….reports Asian Lite News India supports reforms to the international financial architecture to enhance inclusivity and equity, including Multilateral Development

EVs Drive Cleaner Cities

Each EV is equipped with GPS tracking for real-time monitoring and efficiently serves the city’s 159.46 square kilometre area The use of electric vehicles (EVs) in household waste collection is ushering in

Residential Market Sees Revival

Sales jump 77% from FY19 to FY25 as luxury housing, office leasing, logistics, and tech-led investments drive real estate recovery. India’s residential real estate market has witnessed a dramatic revival in the

Recovery From Realty Stress Rises

Crisil expects residential demand in these markets to grow by 7–9 per cent in FY26, offering critical support to projects now being revived through restructuring Asset Reconstruction Companies (ARCs) are expected to
Go toTop

Don't Miss

India completes joint hydrographic survey in Mauritius 

INS Sarvekshak’s crew participated in various outreach activities, including community

LS polls: Omar to contest from Srinagar

NC has already announced its candidate, senior Gujjar/Bakarwal leader, Mian