India to roll out fresh chip incentives package, receives US partnership
₹1.52 trillion ($18.1 billion) under his watch. Going forward, a number of key announcements from the proposals on India’s table are further expected, as a three-day inaugural edition of ‘Semicon India’ gets underway in Uttar Pradesh’s Greater Noida. Ajit Manocha, president and chief executive of US-headquartered global industry body, Semiconductor Equipment and Materials International (Semi), added that the conference is expected to host “over 250 companies from the entire semiconductor ecosystem, from 24 different nations".
India’s push to set up an ecosystem of chipmakers, designers, assemblers has so far seen the approval of an $11-billion chip fab by Tata Electronics and Taiwan’s Powerchip Semiconductor Manufacturing Company (PSMC). Further, four outsourced semiconductor assembly and testing (OSAT) facilities have also been approved by ISM. Three further facilities have so far also been announced, including a partnership between China’s Foxconn and Noida-headquartered HCL Technologies in January this year.
On 5 September, Israel’s Tower Semiconductor and India’s Adani Group’s plans to set up an ₹84,000-crore ($10 billion) chip fab in Maharashtra was announced by the state government. However, Tripathi stated that while “a Tower application" is under evaluation of ISM, he did not confirm if the application involved the Adani Group. Amid the optimism, however, causes for concern remain.
Read more on livemint.com
