March 4, 2024
1 min read

India to Produce 300 Crore Semiconductor Chips Annually

The first India-made chip from the Rs 22,500 crore Micron semiconductor plant in Gujarat is set to arrive in December this year…reports Asian Lite News

The country will not only meet its demand for semiconductors by 2029 but also start exporting them, while fabricating “300 crore semiconductor chips in a year”, Union Electronics and IT Minister Ashwini Vaishnaw has said.

The minister said that India is now in a position where design is being complemented by assembly, testing, marking and packaging (ATMP) and fabrication capabilities.

“This will bring the entire semiconductor chain to India,” he added.

“A significant part of our (semiconductor) requirements will be made in India. We will also become major exporters, just like we have become major exporters of mobile phones,” said the minister.

About $26 billion worth investment proposals are currently with the government for semiconductor manufacturing in the country, according to industry sources.

More than $18 billion worth proposals have already been cleared by the government, which includes three semiconductor fabrication (fab) manufacturing projects worth Rs 1.3 lakh crore which were announced this week.

The first India-made chip from the Rs 22,500 crore Micron semiconductor plant in Gujarat is set to arrive in December this year.

Vaishnaw on Friday said that at least eight large investment firms are looking to explore opportunities in the telecom sector amid rapid digital transformation and new opportunities.

More and more investors are looking at the country as an emerging market for investments

ALSO READ-India Tightens Grip on Tech

Previous Story

India Tightens Grip on Tech

Next Story

RSSP Offers Unconditional Support to INDIA Alliance

Latest from India News

Khalistan Network Under Fire in Canada

Indian agencies regularly share intelligence with their Canadian counterparts, including on groups like Babbar Khalsa International, but the current focus is firmly on SFJ….reports Asian Lite News The arrest of Inderjeet Singh

India, France Hold Nuclear Talks

The meeting, held on Monday, reviewed progress in bilateral civil nuclear cooperation and explored avenues to deepen the strategic partnership…reports Asian Lite News India and France convened the second meeting of their

EU’s Kallas Calls India ‘Reliable’ Partner

The EU said its closer partnership with India is increasingly becoming vital in the wake of the shifting geopolitical realities…reports Asian Lite News European Union’s top diplomat Kaja Kallas has reaffirmed that

Rubio Calls India ‘Critical’ to US

Rubio “expressed his appreciation for the Indian government’s continued engagement on a number of issues including trade…reports Asian Lite News US Secretary of State Marco Rubio has described India as “critically important”
Go toTop

Don't Miss

Indian Film Festival of Melbourne 2024 Reveals Star-Studded Nominees

Bollywood superstar Shah Rukh Khan, Ranveer Singh, and Diljit Dosanjh

SC for early release of prisoners serving over 10 yrs

It was informed that nearly 1.83 lakh criminal appeals are