More Bids for Chip Fabs Expected but Current Focus on ‘Execution’ of Semiconductor India Programme: IT Minister Vaishnaw
With the Internet of Things and 5G becoming trending technologies in India, demand for semiconductor chips is estimated to increase over $100 billion by 2025. Union Electronics and IT Minister Ashwini Vaishnaw told CNBCTV18 that in the second round of the Semicon India Programme, more proposals for setting up semiconductor chip production facilities are expected. The India Semiconductor Mission, which was established as a dedicated entity for the Semiconductor India Programme, has received five applications for Semiconductor and Display Fabs totalling $20.5 billion in investment. So despite such a short period that we gave to applicants the response is good.” Big Player in Semiconductor Sector When asked about the big players in the semiconductor segment such as Intel, Samsung, Taiwan Semiconductor Manufacturing Company, Micron, as well as Infineon, and if the sector’s major companies will submit bids, the minister responded that they would in the future rounds. When asked about the collaboration between the state government and Centre, the minister said, “We did a lot of pre-work with many state governments, and we had requested all of them to come up with their proposals.” “We have proposals on the table from about 8 state governments, different locations, different types of water and power facilities, as well as transportation facilities, so a lot of groundwork has been gone into this project,” said Vaishnaw while mentioning the names of Uttar Pradesh, Gujrat, Karnataka, Tamil Nadu, Telangana, Odisha and Madhya Pradesh, all of which have given options for the ecosystem.
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