March 4, 2024
1 min read

India to Produce 300 Crore Semiconductor Chips Annually

The first India-made chip from the Rs 22,500 crore Micron semiconductor plant in Gujarat is set to arrive in December this year…reports Asian Lite News

The country will not only meet its demand for semiconductors by 2029 but also start exporting them, while fabricating “300 crore semiconductor chips in a year”, Union Electronics and IT Minister Ashwini Vaishnaw has said.

The minister said that India is now in a position where design is being complemented by assembly, testing, marking and packaging (ATMP) and fabrication capabilities.

“This will bring the entire semiconductor chain to India,” he added.

“A significant part of our (semiconductor) requirements will be made in India. We will also become major exporters, just like we have become major exporters of mobile phones,” said the minister.

About $26 billion worth investment proposals are currently with the government for semiconductor manufacturing in the country, according to industry sources.

More than $18 billion worth proposals have already been cleared by the government, which includes three semiconductor fabrication (fab) manufacturing projects worth Rs 1.3 lakh crore which were announced this week.

The first India-made chip from the Rs 22,500 crore Micron semiconductor plant in Gujarat is set to arrive in December this year.

Vaishnaw on Friday said that at least eight large investment firms are looking to explore opportunities in the telecom sector amid rapid digital transformation and new opportunities.

More and more investors are looking at the country as an emerging market for investments

ALSO READ-India Tightens Grip on Tech

Previous Story

India Tightens Grip on Tech

Next Story

RSSP Offers Unconditional Support to INDIA Alliance

Latest from India News

Pak Army Chief Targets India Again

This is not the first time that Munir has indulged in loose talk, exhibiting conduct unbecoming an officer….reports Asian Lite News Pakistan’s Chief of Army Staff (COAS) General Syed Asim Munir on

India Gears Up for a Sporting and Digital Boom

Rony Banerjee, a leading innovation expert, highlights how India is redefining its sporting identity across fields, boardrooms, studios, and digital platforms. India is poised for a major transformation in the sports and

UN: Bring Pahalgam Terrorists to Justice

The members of the Security Council “stressed that those responsible for these killings should be held accountable..reports Asian Lite News The Security Council has “condemned in the strongest terms” the Pahalgam terrorist

US Backs India’s Hunt for Pahalgam Terrorists

Gabbard’s “hunt down” message comes amidst escalating Indian response to the terrorist attack, saying it had clear “cross-border” links to Pakistan….reports Asian Lite News Tulsi Gabbard, Director of National Intelligence (DNI), on

Border Sealed, Hopes on Hold

A Hindu family from Balochistan’s Sibi was reportedly denied entry into India after the closure of border crossing….reports Asian Lite News Pakistan and India’s decision to shut down the Wagah-Attari border crossing
Go toTop

Don't Miss

Maha has 231 Delta Plus patients, including 128 in Mumbai

With this, the number of Delta Plus cases in the

Indian American CEO to bet big on New York

Sanjay Mehrotra, the Indian-American CEO of Micron Technology added that