A senior government official in charge of overseeing IND’s $10 billion chipmaking venture has announced that construction on the country’s first semiconductor assembly plant will begin next month.
India’s first Domestically Manufactured Microchips
It is expected that the plant will commence production for India’s first domestically manufactured microchips by the end of 2024.
Ashwini Vaishnaw, the Minister of Electronics and Information Technology in IND, has revealed that Micron Technology, a prominent US semiconductor company, will be spearheading the project in Gujarat. The $2.75 billion initiative, which also enjoys government backing, will commence construction in August.
According to Vaishnaw, the Narendra Modi government’s India Semiconductor Mission is actively engaged in extensive efforts to garner support from various supply chain partners.
Collaboration with suppliers of chemicals, gases, and manufacturing equipment, as well as attracting companies interested in establishing silicon wafer fabrication plants, are all part of this strategy.
He added:
This is the fastest for any country to set up a new industry. I’m not just saying a new company — this is a new industry for the country. Eighteen months is when we have targeted for [the first] production to come out of this factory — that is, December of 24.
The ministers’ statements lay out an ambitious timeline for Modi’s government as it works to improve India’s capabilities in manufacturing smartphones, batteries, electric vehicles, and other electronics.
Currently, India’s technology manufacturing sector lags behind that of East Asia’s export-driven economies, particularly China, which started earlier and provided more substantial industry subsidies.
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