India will manufacture 300 crore semiconductor chips in a year: IT Minister Ashwini Vaishnav

India will manufacture 300 crore semiconductor chips in a year: IT Minister Ashwini Vaishnav


New Delhi (Uttam Hindu News): Union Electronics and IT Minister Ashwini Vaishnav has said that the country will not only meet its demand for semiconductors by 2029 but will also start exporting them by manufacturing “300 crore semiconductor chips a year”. .

The minister said India is now in a situation where design is being complemented by assembly, testing, marking, packaging (ATMP) and manufacturing capabilities. This will bring the entire semiconductor chain to India, he said. A significant part of our (semiconductor) requirements will be made in India, the minister said. We will also become a major exporter, just like we have become a major exporter of mobile phones.

According to industry sources, investment proposals worth about $26 billion for semiconductor manufacturing in the country are currently with the government. Proposals worth over $18 billion have already been approved by the government, including three semiconductor fabrication (fab) manufacturing projects worth Rs 1.3 lakh crore that were announced this week.

The first India-made chip from the Rs 22,500 crore Micron Semiconductor plant in Gujarat is due to arrive in December this year. Vaishnav said on Friday that at least eight big investment companies are exploring 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 investment.



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