India Semiconductor Mission to expand in Phase Two with new proposals, focus on full ecosystem development
chip fabrication and packaging as well as other companies in the ecosystem under the second phase of the India Semiconductor Mission (ISM), said ISM CEO Akash Tripathi.
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There are about 20 more proposals by semiconductor chip fabrication units, display fabrication companies, raw material suppliers and chip packaging companies, he told media persons on Monday.
«When we started ISM, the idea was that we need to support this industry for at least 10 years till we become mature. So, of course, we need to expand it. We need to (expand it) since out of this (ISM phase one) fund, a lot has been committed for the projects which we have sanctioned,» he said.
The government is also focusing on getting other companies such as raw material suppliers, gas companies and other vendors of the semiconductor ecosystem to India, apart from working to get the chip fabrication and packaging units, he said.
«We hope that in future also we will get more investment in this sector. Only fabs will not suffice (or) only OSATs (outsourced semiconductor assembly and test) will not suffice. So, we have this inkling that we need to support all the ecosystem components,» Tripathi said.
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