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India aims to dominate semiconductor chip production
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Countries are vying for global dominance in the production and supply chain of advanced semiconductor chips used in automobiles, computer devices, mobile phones, data centers, medical equipment and even military weapons. Over the past few years, the US and China have been engaged in a chip-war.
Due to the same conflict, the world's largest chip manufacturing companies seem to want to expand their business from Beijing to other countries. Meanwhile, India has announced a $10 billion concession program to become the leader in chip production within five years.
The government is going to give this concession to the chip manufacturing companies opening factories and production units in India. Through this, India is trying to challenge the dominance of Taiwan, South Korea and China in semiconductor chip production and distribution, Indian Information Technology and Telecommunication Minister Ashwini Vaishna said in an interview with news agency PTI. According to the Times of India, Vaishnav has expressed that the policies are very skillfully designed to attract global chip manufacturing companies to come to India. "For a developing country with an economy like ours, the distribution chain of semiconductors needs to be within the country," Minister Vaishnav said, "We have excellent design capabilities." But production capacity is also necessary. Because it will add value to our economy. India expects the semiconductor project to have a huge impact on the country's industry and economy from job creation. Minister Vaishnav has said that it is necessary to build the value chain of the country's industrial ecosystem and semiconductor as it will bring qualitative positive growth in various sectors including automobiles, electric vehicles and other vehicles, defense.
In 2023, India allowed Micron to set up a semiconductor unit in Gujarat. At that time, India's Tata Electronics, together with the Taiwanese company Powerchip Semiconductor Manufacturing Co., was set to open a manufacturing plant with an investment of 11 billion dollars. According to recent news, Tata will set up its first semiconductor fabrication unit in Assam, India by 2026. In an interview with LiveMint, Tata Sonnus President N. is preparing the foundation stone of a factory in Gujarat's Dholera. Chandrasekaran said. Along with Tata's two projects, CG Power and Industrial Solutions are also starting a semiconductor assembly plant in partnership with Japan's Renaissance Electronic Core.
