Continuous efforts are going on for semiconductor manufacturing in India. Union Electronics and Information Technology (IT) Minister Ashwini Vaishnav said on Saturday that two big semiconductor proposals are under discussion and are expected to take shape in the coming few months. According to the news of IANS, the Union Minister did not give any details about the proposal but said that the projects are of specific sectors, in which India can emerge as a leader at the international level.
Focus on ability to implement decisions
Speaking at the foundation stone laying ceremony of the Micron Semiconductor plant, Vaishnaw said the international semiconductor company is paying attention to the progress made by India in this sector and Prime Minister Narendra Modi’s ability to implement major and complex policy decisions, according to the news. Vaishnav said this has developed India as a major reliable region where global companies want to come. We may see at least two more big semiconductor proposals take shape in the coming months.
First chip from Micron plant in December
The Union Minister said that there are some special areas where India can lead. The focus of semiconductor projects will be on areas that can help the country export technology to other parts of the world. The minister said that the Micron plant (micron plant in India) will start producing the first chips from December 2024. The construction of this plant has started.
Memory chip maker Micron had in June announced setting up a semiconductor assembly and testing plant in Gujarat. There will be a total investment of 2.75 billion dollars (about Rs 22,540 crore). Micron will invest up to $825 million to set up the plant in two phases and the remaining investment will come from the central and state governments.
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