Every big chip player to re-work investment plan for India: Minister Vaishnaw
1 year 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 to reconsider their investment plans and come to India," he said. Asked about the timelines when India would aim to be a formidable player rivalling known semiconductor destinations, the Minister said, "in the coming 5 years, definitely". Explained | Mapping India’s chip design ecosystem These chips driven by advanced technology will cater to multiple sectors — power management chips for electric vehicles, telecom, defence, automotive, consumer electronics, display, and power electronics.

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