Fabless chip company L&T Semiconductor Technologies expects manufacturing of semiconductor products designed by it to start in the next two years, a top company official said. While speaking to PTI, L&T Semiconductor Technologies CEO Sandeep Kumar said the company will set up its chip manufacturing plants after achieving a threshold revenue in the range of USD 50 million to USD 1 billion for different semiconductor technologies.
India and the USA will establish a new semiconductor fabrication plant focused on advanced sensing, communication, and power electronics for national security, next generation telecommunications, and green
energy applications.
India will become a major player in the global semiconductor market over the next 10 years, home minister Amit Shah said on Tuesday.“I can tell you with confidence that in the coming 10 years, India will be a very big player in the field of semiconductors,” Shah told a press conference held to mark the completion of 100 days of the third term of the Narendra Modi-led government.He pointed to the semiconductor chip manufacturing plant coming up in Sanand, Gujarat.
Global semiconductor body SEMI and its peer IESA have announced a strategic agreement to boost the industry ecosystem in India, a joint statement said. As part of the agreement, the Indian Electronics and Semiconductor Association (IESA) will become part of the SEMI– the organiser of Semicon events including Semicon India.
The Indian Semiconductor Mission is likely to receive a second budgetary allocation of up to $ 10 billion, a senior official said. The mission may require this funding if the Centre approves a mega chip fabrication unit by Israeli firm Tower Semiconductor and the Adani Group along with a host of other proposals which are being currently evaluated, top officials aware said. more
The government will likely keep the financial incentives for semiconductor chip packaging units at a bare minimum under the second phase of the India Semiconductor Mission (ISM), people in the know told ET. Much of the funds and incentives being planned under the second phase of India’s ambitious programme to set up a semiconductor ecosystem from scratch will be dedicated to getting more compound semiconductor fabrication and silicon photonics.