India is poised to witness a significant boost in its semiconductor manufacturing capabilities with the establishment of two major fabrication plants, along with multiple chip assembly and packaging units. Minister of Electronics and IT Rajeev Chandrasekhar has announced that these projects, involving multi-billion dollar investments, are in the pipeline and expected to be approved during Prime Minister Narendra Modi’s third term.
One of the upcoming ventures is an $8 billion proposal by Israel-based Tower Semiconductors, while the other is from Tata Group. These fabs will utilize advanced technologies such as 65, 40, and 28-nanometer processes, with various packaging options being evaluated.
Chandrasekhar emphasized the significance of these investments, highlighting the progress India has made in the semiconductor domain since 2014. He stressed the need to make up for missed opportunities and commended the advancements in semiconductor design, research, talent development, and fabrication.
In addition to these projects, the Indian government has received four more proposals for semiconductor plants and thirteen for chip assembly and packaging units. This initiative aligns with India’s goal to promote domestic electronics manufacturing and reduce dependence on imports. The country aims to establish itself as a global leader in electronics manufacturing, targeting revenues of Rs 23,95,195 crore by 2026.
India has been making strides in the global electronics supply chain, with a steady shift away from China. Chandrasekhar highlighted India’s contribution to this shift and expressed confidence in the country’s potential to become a trusted partner in the global value chains for various electronics products.
In conclusion, India is on the verge of a significant leap in semiconductor manufacturing, with major investments and projects on the horizon. These developments will not only boost the country’s economy but also solidify its position in the global electronics market.
FAQs:
1. What is the article about?
The article discusses the upcoming establishment of two major semiconductor fabrication plants in India, along with multiple chip assembly and packaging units. It highlights the significance of these investments and India’s goal to promote domestic electronics manufacturing.
2. Who announced the establishment of these projects?
The Minister of Electronics and IT, Rajeev Chandrasekhar, announced the establishment of these projects.
3. Which companies are involved in the upcoming ventures?
One of the ventures is an $8 billion proposal by Israel-based Tower Semiconductors, while the other is from Tata Group.
4. What technologies will be utilized in these fabs?
These fabs will utilize advanced technologies such as 65, 40, and 28-nanometer processes, with various packaging options being evaluated.
5. What is the goal of India’s semiconductor manufacturing initiatives?
India aims to establish itself as a global leader in electronics manufacturing and reduce dependence on imports. The country targets revenues of Rs 23,95,195 crore by 2026.
Definitions:
1. Semiconductor: A material that has electrical conductivity between a conductor and an insulator.
2. Fabrication plant (fab): A facility where semiconductors are manufactured.
3. Chip assembly and packaging: The process of assembling semiconductor chips and packaging them for use in electronic devices.
4. Revenues: Income received by a company or country from its business activities.
5. Nanometer: A unit of length equal to one billionth of a meter, often used to describe the size of transistors in semiconductor manufacturing.
Suggested related links:
– Tower Semiconductors Official Website
– Tata Group Official Website
– Ministry of Electronics and Information Technology, India
The source of the article is from the blog radardovalemg.com