Learning from the CHIPS Act of the U.S.
The United States’ Creating Helpful Incentives to Produce Semiconductors and Science Act of 2022 completes one year as a law today. The schemes for manufacturing, assembly, displays and compound semiconductors have been assigned to an independent division called India Semiconductor Mission within a non-profit company set up by MeitY. While the committee is a good beginning, ensuring that the semiconductor strategy survives beyond government terms requires a whole-of-government approach along the lines of the CHIPS Act. In India’s semiconductor strategy, advanced manufacturing and packaging research are not priority areas of focus. However, the lesson from the CHIPS Act is that India’s strategy needs to identify and invest in research on future technologies.
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