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Two big semiconductor proposals under process in India: Union minister Vaishnaw – Times of India

NEW DELHI: Union minister Ashwini Vaishnaw said on Saturday that two big semiconductor proposals are under process and expected to take shape in the coming few months.
Vaishnaw, who was at groundbreaking ceremony of Micron‘s semiconductor plant in Gujarat, asserted that India’s first indigenous microchips are expected to be rolled out by December 2024.
He, however, didn’t reveal any details about the proposals.
He said the projects will focus on a “special area” where India can emerge as a leader at the global level.
Speaking to PTI on the sidelines of the ceremony, the minister that the global semiconductor company is noticing the progress made by India in the segment and Prime Minister Narendra Modi’s capability to execute large and complex policy decisions.
“This has developed India as a major trusted geography in which global industry players want to come. We can see in the coming few months at least two more large semiconductor proposals taking shape,” Vaishnaw said.
He said that there are some specific areas where India can take the lead and the focus of the semiconductor projects will be in areas that can help the country export technology to other parts of the world.
The semiconductor mission, launched in December 2021, aims to position India as a significant player in semiconductor technology.
In line with this vision, on June 22, global semiconductor giant Micron announced plans to invest $825 million in building a new assembly and test facility in Gujarat.
(With inputs from agencies)

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