Semiconductor firms to get 50 per cent aid: PM
1 year, 4 months ago

Semiconductor firms to get 50 per cent aid: PM

Deccan Chronicle  

NEW DELHI: In a bid to boost investment in the technology space in India, Prime Minister Narendra Modi on Friday said that technology firms will be given 50 per cent financial assistance for setting up semiconductor manufacturing facilities in the country. Announcing the government's plans to build a vibrant semiconductor ecosystem in the country, the PM said, "India is becoming a grand conductor for investments in the semiconductor sector". Addressing the Semicon India 2023 conference in Gandhinagar, Gujarat, the Prime Minister said that the country is witnessing exponential growth in the digital sector and electronics manufacturing. India is establishing an entire ecosystem for the semiconductor industry to grow in the country," the Prime Minister said.

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History of this topic

World's Second Largest Mobile Producer, India Emerges As Global Semiconductor Powerhouse
3 months, 1 week ago

World's Second Largest Mobile Producer, India Emerges As Global Semiconductor Powerhouse

News 18  

As the global demand for semiconductors continues to surge, India is making significant strides towards establishing itself as a major player in the semiconductor industry. This shift was prominently highlighted at Semicon India 2024, a three-day event held in Greater Noida, which underscores the country’s commitment to becoming a key global semiconductor hub. This commitment helps maintain a robust talent …

Mint Quick Edit | India’s fab dream: There’s hard work to do
3 months, 1 week ago

Mint Quick Edit | India’s fab dream: There’s hard work to do

Live Mint  

Prime Minister Narendra Modi said on Wednesday that it is his dream to see an India-made chip in every global device. He also sought to attract global players by highlighting India’s stable business environment and chip investments already secured to fast-track the sector’s growth. While local chip rhetoric has been high ever since “computer chips, not potato chips" became a …

India best positioned to host entire semiconductor ecosystem: PM Modi at SEMICON
3 months, 1 week ago

India best positioned to host entire semiconductor ecosystem: PM Modi at SEMICON

Hindustan Times  

Prime Minister Narendra Modi on Wednesday said that India’s semiconductor ecosystem is a solution not just for the country’s challenges but also for global challenges. Speaking at the inauguration of the SEMICON India conference in Greater Noida, PM Modi said India’s reform focussed government, its growing manufacturing base, and its aspirational market that is aware of technological trends are the …

Semicon 2024: PM Modi pitches India to chip makers, talks of supply chain resilience
3 months, 1 week ago

Semicon 2024: PM Modi pitches India to chip makers, talks of supply chain resilience

The Hindu  

Prime Minister Narendra Modi on Wednesday said resilience of supply chains is critical for the economy as he made a pitch to boost investments in domestic manufacturing of semiconductors – the foundation of everything from smartphone to EV and AI. Speaking at the SEMICON 2024 conference on the outskirts of the national capital, the Prime Minister said the COVID pandemic …

Proposal to set up unit in India: Centre seeks more details from Israeli firm Tower Semiconductor
3 months, 2 weeks ago

Proposal to set up unit in India: Centre seeks more details from Israeli firm Tower Semiconductor

Hindustan Times  

The Union government has sought more details regarding a proposal from an Israeli firm, Tower Semiconductor, to set up a semiconductor unit in India, a senior IT ministry official said on Monday, adding the proposal is currently being appraised. The statement comes days after Maharashtra deputy chief minister Devendra Fadnavis on September 5 announced that the state cabinet has already …

India's first indigenously developed semiconductor chip will be made in Gujarat: CM Patel
4 months, 1 week ago

India's first indigenously developed semiconductor chip will be made in Gujarat: CM Patel

Deccan Chronicle  

Nadiad : Gujarat Chief Minister Bhupendra Patel on Thursday said India's first indigenously developed semiconductor chip will be manufactured in the state, which has so far attracted an investment of Rs 1 lakh crore in electronics and chip manufacturing sectors. "We have so far attracted an investment of Rs 1 lakh crore in the electronics and semiconductor sector and India's …

Tata’s semiconductor plant in Assam will bring entire semiconductor ecosystem companies: N Chandrasekaran
4 months, 3 weeks ago

Tata’s semiconductor plant in Assam will bring entire semiconductor ecosystem companies: N Chandrasekaran

Op India  

The semiconductor industry is a foundation industry for the future and chips are going to be part of almost everything people do in their daily lives, Chairman of Tata Group N Chandrasekaran said on Saturday after the ‘bhoomi pujan’ of the Tata’s semiconductor unit in Morigaon in Assam, which will be set up with an investment of Rs 27,000 crore. …

Tata Electronics holds groundbreaking ceremony of its semiconductor chip assembly in Assam
4 months, 3 weeks ago

Tata Electronics holds groundbreaking ceremony of its semiconductor chip assembly in Assam

India TV News  

Tata Electronics: In a boost to Prime Minister Narendra Modi's vision to establish India as a global semiconductor manufacturing center, Tata Electronics held the groundbreaking ceremony for its chip assembly and testing unit at Jagiroad in Morigaon district, Assam on Saturday. Being touted as the largest investment project in Northeast India, the estimated Rs 27,000 crore Tata semiconductor plant is …

Govt has made policies to make India attractive for investment: Nirmala Sitharaman
8 months ago

Govt has made policies to make India attractive for investment: Nirmala Sitharaman

Hindustan Times  

After American tech billionaire Elon Musk postponed his India visit due to his “heavy obligations” at work, Union finance minister Nirmala Sitharaman said the government has tailored policies to make India an attractive hub for manufacturing and services, especially in the light of industries expressing concerns about China. Especially after China Plus One started being a concern for many industries…we …

PM Modi lays foundation stone of three semiconductor facilities
9 months, 1 week ago

PM Modi lays foundation stone of three semiconductor facilities

The Hindu  

Prime Minister Narendra Modi on March 13 said when India commits, it delivers, referring to his government's commitment to make the country a semiconductor manufacturing hub. Mr. Modi was virtually addressing people after laying the foundation stone of three semiconductor facilities of about ₹1.25 lakh crore, which include two in Gujarat and one in Assam. PM Modi lays foundation stone …

PM Modi lays foundation stone of semiconductor projects, addresses youth: Details
9 months, 1 week ago

PM Modi lays foundation stone of semiconductor projects, addresses youth: Details

India TV News  

PM Modi has participated in 'India's Techade: Chips for Viksit Bharat’ program through video conferencing. Fab facility construction in Dholera and more In line with PM Modi's vision, the construction of the semiconductor fabrication facility is laying its foundation at: Dholera Special Investment Region in Gujarat An outsourced semiconductor assembly and test facility at Morigaon in Assam An outsourced semiconductor …

PM Modi to lay foundation for 3 semiconductor facilities worth ₹1.25 lakh cr
9 months, 1 week ago

PM Modi to lay foundation for 3 semiconductor facilities worth ₹1.25 lakh cr

Live Mint  

Prime Minister Narendra Modi will lay the foundation stones for three semiconductor facilities worth over Rs. The PM will lay the foundation stone for the Semiconductor fabrication facility at the Dholera Special Investment Region and the Outsourced Semiconductor Assembly and Test facility at Sanand located in Gujarat. The statement said that PM Modi will lay the foundation stone for semiconductor …

UP unveils subsidies for semiconductor units
9 months, 2 weeks ago

UP unveils subsidies for semiconductor units

Hindustan Times  

LUCKNOW Aimed at bolstering semiconductor manufacturing, the UP government announced subsidies and exemptions for investors on setting up semiconductor units in the state under the UP Semiconductor Policy-2024, an official release stated on Monday. The state government will extend support to companies in skills training/research and development, emphasising its commitment to positioning UP as a leader in the semiconductor sector. …

Every big chip player to re-work investment plan for India: Minister Vaishnaw
9 months, 3 weeks ago

Every big chip player to re-work investment plan for India: Minister Vaishnaw

The Hindu  

India has set its sights on becoming a formidable force in global semiconductor equation, rivalling known destinations like Taiwan and South Korea in next 5 years, Union Minister Ashwini Vaishnaw has said asserting that if and when mindset of global players has changed to an eagerness to invest in the country. This means, practically every big player would now like …

Union cabinet approves three more semiconductor plants in India
9 months, 3 weeks ago

Union cabinet approves three more semiconductor plants in India

Op India  

In a major initiative in fulfilling the Narendra Modi government’s ambition to turn India into a semiconductor manufacturing hub, the Central government on Thursday, approved the proposal for setting up three semiconductor plants in India. #WATCH | Union Minister Ashwini Vaishnaw says, "Today the Prime Minister has taken an important decision to set up semiconductor fab in the country. The …

Govt clears three semiconductor plants in Gujarat and Assam, CM Himanta says 'game changer for North East'
9 months, 3 weeks ago

Govt clears three semiconductor plants in Gujarat and Assam, CM Himanta says 'game changer for North East'

India TV News  

The Modi government on Thursday approved proposals to set up three semiconductor units in Gujarat and Assam with an estimated investment of Rs 1.26 lakh crore. Three semiconductor plants in Gujarat and Assam Tata Electronics Private Limited will set up a semiconductor fab in partnership with Powerchip Semiconductor Manufacturing Corp, Taiwan. Assam CM Himanta Biswa Sarma thanks PM Modi for …

Two multi-billion dollar semiconductor plants to come up in India: Rajeev Chandrasekhar
10 months ago

Two multi-billion dollar semiconductor plants to come up in India: Rajeev Chandrasekhar

India TV News  

India is set to witness the establishment of two major semiconductor fabrication plants, each involving multi-billion dollar investments, alongside multiple chip assembly and packaging units, according to Minister of Electronics and IT Rajeev Chandrasekhar. Reflecting on India's semiconductor journey, Chandrasekhar highlighted the strides made since 2014, particularly after the launch of the semiconductor programme in January 2020. Chandrasekhar highlighted India's …

India Doubles Down on Chip Dreams with Rs 6,903 Crore Record Boost for Semiconductors
10 months, 3 weeks ago

India Doubles Down on Chip Dreams with Rs 6,903 Crore Record Boost for Semiconductors

News 18  

The Union government has once again showcased its commitment by allocating a staggering Rs 6,903 crore in the Interim Budget for 2024-25. This significant boost follows the allocation of Rs 3,000 crore in the previous year, affirming the government’s determination to foster the semiconductor and electronics manufacturing sector. Ashok Chandak, president of the India Electronics & Semiconductor Association, lauded the …

Tamil Nadu to tap into semiconductor, electronics sectors; rolls out policy to attract investors
11 months, 2 weeks ago

Tamil Nadu to tap into semiconductor, electronics sectors; rolls out policy to attract investors

The Hindu  

To account for 40% of India’s electronics exports, the Tamil Nadu government on Sunday rolled out its ‘Semiconductor and Advanced Electronics Policy 2024’ at the Global Investors Meet. The policy seeks to attract anchor investments in semiconductor and advanced electronics manufacturing and create a skilled talent pool of over two lakh persons by 2030. Global marquee research and design entities …

As PM Modi Rues Delay, Micron, States & New Policy Fuel India's Semiconductor Rise - News18
11 months, 2 weeks ago

As PM Modi Rues Delay, Micron, States & New Policy Fuel India's Semiconductor Rise - News18

News 18  

A few days ago, Prime Minister Narendra Modi voiced regret over India’s delayed entry into the semiconductor realm, stating that the mission should have been initiated 30 years ago. However, despite the delay, the announcement of Micron’s Assembly, Testing, Marking, and Packaging project is considered pivotal, regarded a ‘watershed moment’ by Sanjay Gupta, the chairperson at India Electronics and Semiconductor …

Prepare Chip Policy to Make UP the Semiconductor Manufacturing Hub, Instructs Yogi Adityanath
11 months, 2 weeks ago

Prepare Chip Policy to Make UP the Semiconductor Manufacturing Hub, Instructs Yogi Adityanath

News 18  

Uttar Pradesh Chief Minister Yogi Adityanath, during a high-level meeting on Wednesday, unveiled plans to formulate a comprehensive semiconductor policy to make the state a hub in semiconductor manufacturing. Emphasising the pivotal role of semiconductors in today’s technology-driven landscape, Adityanath underscored the global semiconductor industry’s staggering revenues exceeding $950 billion in 2022, signalling vast potential and opportunities in the sector. …

‘Generous’ incentives have boosted semiconductor ambitions: IT Secy
1 year ago

‘Generous’ incentives have boosted semiconductor ambitions: IT Secy

The Hindu  

The geopolitical advantage for India of companies and countries looking for resilient semiconductor and electronics supply chains is only going to last for “four or five years,” and that it was important to seize that opportunity within this period, Secretary of Electronics and Information Technology S. Krishnan said on Monday. Circumstances have changed for the industry now, with production-linked incentives …

'India should set up $10bn fund of funds to develop semiconductor design labs'
1 year ago

'India should set up $10bn fund of funds to develop semiconductor design labs'

Live Mint  

New Delhi: India should set up a $10 bn ‘fund of funds’ for pureplay semiconductor design companies to funnel private investments and, in turn, boost chip manufacturing, said India Semiconductor Mission advisory committee member Sriram Viswanathan. “India should set up a $10 billion fabless design initiative or incentive scheme that requires private capital to multiply that for every dollar of …

Chip off the block: The Hindu Editorial on semiconductor fabrication in India
1 year, 1 month ago

Chip off the block: The Hindu Editorial on semiconductor fabrication in India

The Hindu  

As funds for production-linked incentives for manufacturing semiconductors lie under-utilised by upwards of 80%, the Union government must be far clearer on what it has achieved — and aims to accomplish — by continuing to spend crores of rupees on bringing more semiconductor fabrication capabilities to India. But the central wager with these schemes, at much cost to the exchequer, …

‘80% funds allocated for semiconductor manufacturing scheme remain unused’
1 year, 1 month ago

‘80% funds allocated for semiconductor manufacturing scheme remain unused’

The Hindu  

About $8 billion of the $10 billion allocated by the Union government for the production of semiconductors under the production-linked incentive scheme remains untapped, a top Industry Ministry official said on Tuesday. Urging Korean investors, who have invested $5.6 billion in India since April 2000, to use the semiconductor PLI along with upcoming opportunities for investments in battery storage solutions, …

US firm Micron breaks ground for $2.75 billion semiconductor plant in Gujarat
1 year, 3 months ago

US firm Micron breaks ground for $2.75 billion semiconductor plant in Gujarat

India Today  

Micron Technology, a leading American semiconductor manufacturer, has begun construction of a $2.75 billion semiconductor testing and assembly plant in Gujarat’s Sanand, marking a significant step in India's efforts to meet domestic semiconductor demand and reduce imports. This development comes just three months after Micron first announced its plans to establish the plant, making it the largest investment under the …

India As Semiconductor Hub: Why China Challenge Is A Big Factor
1 year, 4 months ago

India As Semiconductor Hub: Why China Challenge Is A Big Factor

ABP News  

The Industrial Revolution 5.0 would not be here without the semiconductor chips. Chinese commentator Sima Nan, talking about Foxconn’s business plans in India, said: “Foxconn’s future lies in the acceptance of 'one country two systems' in a peaceful and prosperous world, there is no other way.” This was a warning not only to Foxconn but also to India, which seems …

Chip tactics: on India’s bid to attract major global chip manufacturers
1 year, 4 months ago

Chip tactics: on India’s bid to attract major global chip manufacturers

The Hindu  

The government has made a fresh bid to attract major global chip manufacturers into the country. At the Semicon India summit last Friday, Prime Minister Narendra Modi told prospective investors that the government had drawn on their suggestions after the first such conference last year, and taken pro-active decisions to address areas of concern. Ahead of Mr. Modi’s U.S. State …

India's tryst with semi-conductor: Where we are and what we need
1 year, 4 months ago

India's tryst with semi-conductor: Where we are and what we need

India Today  

Union Minister of Information and Technology, Ashwini Vaishnaw, has promised the country that a first-of-its-kind, Made in India semi-conductor chip will be introduced by December 2024. The central government has been in talks with the biggest players across the world that can help set up a semiconductor manufacturing plant in India. PM MODI'S DREAM Prime Minister Narendra Modi has been …

Modi woos global semiconductor players with talent, tax incentives pitch
1 year, 4 months ago

Modi woos global semiconductor players with talent, tax incentives pitch

Live Mint  

Gandhinagar: Prime Minister Narendra Modi on Friday urged the international semiconductor industry to consider investing in India, highlighting the nation's growing talent pool, reform initiatives, favourable tax regime, and financial incentives. Prabhu Raja, President Semiconductor Products Group at Applied Materials said that to develop manufacturing, India is poised to play an important role in global semiconductor industry. "For the first …

PM Modi wants India to become a hub of semiconductor industry
1 year, 4 months ago

PM Modi wants India to become a hub of semiconductor industry

The Hindu  

Prime Minister Narendra Modi on July 28 said India would emerge as a global hub of semiconductor and chip-making industry, as he made a strong pitch to global investors, while inaugurating the ‘Semicon India 2023’ conclave in Gujarat. “India understands that semiconductors are not just a national need but a necessity for the world,” Mr. Modi said, adding that attracting …

Modi govt's red carpet for semiconductor industries, offers 50% financial assistance to technology firms
1 year, 4 months ago

Modi govt's red carpet for semiconductor industries, offers 50% financial assistance to technology firms

India TV News  

Semicon India 2023: Prime Minister Narendra Modi on Friday said that the government will give technology firms 50 per cent financial assistance for setting up semiconductor manufacturing facilities in the country. Addressing the Semicon India 2023 conference in Gandhinagar, PM Modi said that his government has rolled out the red carpet for semiconductor industries. India’s continuously growing startup ecosystem will …

Why government financial support to semiconductor industry is essential for the sector's growth
1 year, 5 months ago

Why government financial support to semiconductor industry is essential for the sector's growth

Firstpost  

Previous governments have displayed criminal neglect for this sector, and delivering results for the Modi government will require heavy lifting not just at the central level but also at the state and regional levels When the Indian economy was opening up in the 90s, foreign direct investment in various sectors was being invited. While global and domestic companies ramped up …

Career Wise: What Opportunities Semiconductor Industry Opens For Students In India?
1 year, 5 months ago

Career Wise: What Opportunities Semiconductor Industry Opens For Students In India?

News 18  

​ As the board exam results are announced, students are ready to transition from schools to colleges. This scheme aims to develop a strong domestic semiconductor design ecosystem in the country, enabling India to become a hub for innovation and design in the global semiconductor industry. How To Make Career In Semiconductor Industry The industry is attracting growing demand for …

Micron Investment Fuels Modi Govt's Semiconductor Ambition. What Are The Obstacles Ahead
1 year, 5 months ago

Micron Investment Fuels Modi Govt's Semiconductor Ambition. What Are The Obstacles Ahead

ABP News  

New Delhi: Micron Technology's announcement regarding the establishment of a cutting-edge semiconductor assembly, testing, and packaging plant in Sanand, Gujarat, has reignited fresh hope for India's aspirations to become a global semiconductor supply chain hub. "Semiconductor manufacturing involves various stages and each of these stages may involve a completely different category of vendor," says Kanishka Chauhan, Senior Principal Analyst at …

H1B visa renewal can be done in US itself PM Modi in address to Indian diaspora latest updates – India TV
1 year, 6 months ago

H1B visa renewal can be done in US itself PM Modi in address to Indian diaspora latest updates – India TV

India TV News  

Modi address at Ronald Reagan Building: In a big relief to Indian professionals, Prime Minister Narendra Modi announced that Indian professionals can renew their work visas without travelling abroad. It has now been decided that the H1B visa renewal can be done in the US itself," PM Modi said while addressing the Indian diaspora at the Ronald Reagan Building in …

Global players’ investments to boost India’s semicon ecosystem: MoS IT
1 year, 6 months ago

Global players’ investments to boost India’s semicon ecosystem: MoS IT

Live Mint  

New Delhi: Indian investments by global players such as Micron, Applied Materials, and Lam Research will boost the manufacturing ecosystem and create job opportunities, both directly and indirectly, said minister of state for electronics and information technology, Rajeev Chandrasekhar. Chandrasekhar added that Prime Minister Narendra Modi has struck up more partnerships with the U.S. during his two-day visit, bringing in …

Tech announcements during Prime Minister Narendra Modi’s state visit to United States a “milestone” for India’s semiconductor growth: Rajeev Chandrasekhar
1 year, 6 months ago

Tech announcements during Prime Minister Narendra Modi’s state visit to United States a “milestone” for India’s semiconductor growth: Rajeev Chandrasekhar

The Hindu  

The big announcements by players like Micron, Applied Materials and Lam Research during Prime Minister Narendra Modi’s United States visit are a “significant and meaningful milestone” in the expansion of the semiconductor ecosystem in the country, Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar said on June 23. In a tweet earlier, Chandrasekhar termed the latest developments …

Modified semiconductor incentive applications from Thursday: IT Ministry
1 year, 6 months ago

Modified semiconductor incentive applications from Thursday: IT Ministry

The Hindu  

The Union government will invite applications for setting up semiconductor and display fabrication units in India from Thursday onwards, the Ministry of Electronics and Information Technology said in a press release on May 31. “The applications will be received by India Semiconductor Mission, the designated nodal agency entrusted with the responsibility of implementing the Modified Semicon India Programme for development …

India's Semiconductor Dream: A Brief Introduction Of The Industry, Its Role, And Importance
1 year, 8 months ago

India's Semiconductor Dream: A Brief Introduction Of The Industry, Its Role, And Importance

ABP News  

The Centre wants to make India a hub for the semiconductor industry. To show India's commitment to the industry, the government is offering $10 billion in incentives for the development of a sustainable semiconductor and display manufacturing ecosystem in India. While Israel, Netherlands, Malaysia, the UK and South Korea have a significant number of Fab units, Germany, China, US, Taiwan, …

India’s semiconductor mission might need a compass
1 year, 8 months ago

India’s semiconductor mission might need a compass

The Hindu  

The United States Department of Commerce and its Indian counterpart have recently concluded a memorandum of understanding in March 2023 to ensure that subsidies by each country do not come in the way of India’s semiconductor dreams, as espoused by the much publicised semiconductor policy launched in December 2021. The way forward The institutional framework for such a shift in …

Explained | India’s push for semiconductors
1 year, 9 months ago

Explained | India’s push for semiconductors

The Hindu  

The story so far: The Union Government has disbursed around ₹1,645 crore in performance-linked incentives for electronics manufacturers so far, as part of its efforts to bring in more of the electronics supply chain to India. The government’s Invest India agency estimates that electronics manufacturing as a whole will be worth $300 billion by the financial year 2025–26. The SIA, …

First semiconductor fab will be declared in a few weeks: IT Minister Ashwini Vaishnaw
1 year, 9 months ago

First semiconductor fab will be declared in a few weeks: IT Minister Ashwini Vaishnaw

The Hindu  

The first semiconductor fab will be announced in a few weeks, and India is poised for a vibrant chip industry in the next 3-4 years on the back of enabling policies and the government's firm commitment towards growing the manufacturing ecosystem, Union Minister Ashwini Vaishnaw said on March 14. When it comes to mobile phone manufacturing India is number two …

India’s semiconductor market to reach $55 billion by 2026: Deloitte
1 year, 9 months ago

India’s semiconductor market to reach $55 billion by 2026: Deloitte

The Hindu  

The Indian semiconductor market is to reach $55 billion by 2026 with more than 60% of the market being driven by three industries: smartphones and wearables, automotive components, and computing and data storage, according to a report by Deloitte. Despite strong global headwinds on the economic front, India is expected to emerge as a major player in the 5G revolution, …

‘Hope for more proposals like Vedanta-Foxconn for semiconductor fabs’
1 year, 10 months ago

‘Hope for more proposals like Vedanta-Foxconn for semiconductor fabs’

Live Mint  

I have been following news articles on the status of semiconductor fabs to be set up in India. When a country is starting from scratch, like India is, it isn’t always realistic to suggest that an entity with great experience in semiconductors should lead the foray. The Government will support semiconductor and display fabs with a package of $10 billion, …

Chips down on India: From Foxconn to TSMC, semiconductor giants are betting big on India
1 year, 10 months ago

Chips down on India: From Foxconn to TSMC, semiconductor giants are betting big on India

Firstpost  

Foxconn and Vedanta are already setting up their semiconductor fabricating plant in India and will invest $19.5 billion. However, other chip giants like TSMC, PSMC, Renesas Electronics, Intel and AMD are also looking for ways to set up factories in India. Ever since news N Chandrasekaran - chairman of the Tata group, announced that Tata Electronics will set up an …

India-US Semiconductor Groups Join Hands to Strengthen Chip Ecosystem Ahead of Budget Presentation
1 year, 10 months ago

India-US Semiconductor Groups Join Hands to Strengthen Chip Ecosystem Ahead of Budget Presentation

News 18  

The India Electronics and Semiconductor Association and the US Semiconductor Industry Association have announced plans to develop a private-sector task force to strengthen collaboration between both countries in the global semiconductor ecosystem, just ahead of Finance Minister Nirmala Sitharaman presenting the Union Budget 2023. These are developing a “readiness assessment” regarding the semiconductor ecosystem in India; assembling industry, government, and …

New PLI scheme for IT server, hardware to offer more sops for IP designed in India
1 year, 11 months ago

New PLI scheme for IT server, hardware to offer more sops for IP designed in India

The Hindu  

India will soon be launching a production linked incentive scheme for IT server and hardware manufacturing with one of its facets being to encourage use of IP generated in the country. “One of the things in the PLI scheme is we will create additional incentives for manufacturers or OEMs that incorporate IP designed in India into their systems and products,” …

Budget 2023 | Govt May Bring Incentive Scheme To Boost Local Chip Manufacturing: Report
1 year, 11 months ago

Budget 2023 | Govt May Bring Incentive Scheme To Boost Local Chip Manufacturing: Report

ABP News  

As the world’s chip shortage problem persists, the central government is likely to incentivise local chip manufacturing. According to a report by the Economic Times, the Ministry of Electronics and IT is working on an incentive scheme, worth around Rs 10,000 crore to Rs 12,000 crore, to promote domestic manufacturing of high-end components that could go into products such as …

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