India to Become Major Chip Hub in 5 Years: Ashwini Vaishnaw

By siliconindia  |  Wednesday, 24 April 2024, 02:36:03 PM IST

India to Become Major Chip Hub in 5 Years: Ashwini Vaishnaw
India is rapidly advancing its position in the global semiconductor industry, with the commissioning of four new semiconductor manufacturing units and plans to become one of the world's largest semiconductor hubs within the next five years. Union Railways and IT Minister Ashwini Vaishnaw highlighted the country's significant strides in a recent interview with IANS, emphasizing the role of Prime Minister Narendra Modi in driving this growth and creating thousands of new jobs.
According to Vaishnaw, India now has a clear policy aimed at bringing state-of-the-art technologies such as Artificial Intelligence, Electric Vehicles, and semiconductors to the country. This approach aims to create more employment opportunities for the country's youth and boost domestic startups.
The realization of these initiatives marks a milestone in India's semiconductor journey, which had been envisioned since the 1960s but only recently gained momentum under PM Modi's leadership. Vaishnaw revealed that four semiconductor units have been commissioned, with technology rapidly developing and construction moving forward at a fast pace.
One of the highlights is the Sanand plant in Gujarat, where Micron Technology is constructing a chip fabrication facility with an investment of Rs 22,500 crore. The first 'Make in India' chip is expected to be produced at this plant by December of this year.
Furthermore, Tata Electronics Private Limited (TEPL) is setting up a chip fabrication facility in the Dholera Special Investment Region (DSIR) in Gujarat, with an investment of over Rs 91,000 crore. This facility is part of PM Modi's foundation stone-laying ceremony for three major semiconductor projects worth Rs 1.25 lakh crore in March.
Additionally, TEPL is investing Rs 27,000 crore in an Outsourced Semiconductor Assembly and Test (OSAT) facility in Morigaon, Assam. This facility will focus on Semiconductor Assembly, Testing, Marking, and Packaging (ATMP). In Sanand, Gujarat, CG Power and Industrial Solutions Limited is establishing another OSAT facility with an investment of Rs 7,500 crore.
The Minister noted that the plant in Assam will utilize the chips made there in the world's largest Electric Vehicles, demonstrating India's expanding role in global EV manufacturing.
Vaishnaw reiterated India's strong foundation in semiconductor design and emphasized the Prime Minister's commitment to bringing semiconductor manufacturing to India. He believes that these efforts will enable India to become one of the world's leading semiconductor hubs in the next five years.
This ambitious push into the semiconductor industry showcases India's commitment to becoming a global leader in technology and innovation. The development of these semiconductor facilities will play a pivotal role in driving the country's growth, providing opportunities for its youth, and strengthening its position on the world stage.

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