Indian semiconductor industry remains dormant

【Lansheng Technology Information】In an exclusive interview published by the British "Financial Times" on Wednesday, Ashwini Vaishnaw, Minister of Electronics and Information Technology of India, was not stingy with compliments, and gave a high evaluation of India's nascent semiconductor industry.

The main reason for Minister Vaishnaw's confidence is that Micron Technology of the United States announced last week that it will build a new semiconductor assembly and testing plant in India.

In this project with a total investment of up to 2.75 billion US dollars, Micron’s own investment can reach up to 825 million US dollars. The Indian government agrees to give 50% of the financial subsidies, and Gujarat provides an additional 20% of the project cost. Policy incentives.

According to the plan, Micron's Indian packaging plant will start construction next month and is expected to be officially put into operation by the end of 2024. Minister Vaishnaw emphasized that this is the (shortest) time record for all countries to set up a new industry. This is not a new company, but a whole new industry in one country. The current goal is to start output in 18 months, which is December 2024.

He also further emphasized that the "India Semiconductor Action" led by the Modi government is carrying out extensive work to win the support of other semiconductor supply chain companies, including chemical, gas, production equipment companies, etc., as well as those who are interested in setting up in India. Silicon wafer fab companies.

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