Two big semiconductor proposals under process: Ashwini Vaishnaw
Ashwini Vaishnaw said on Saturday. Without divulging specifics of the proposals, the minister said the projects will focus on a special area where India can emerge as a leader at the global level.
While speaking with PTI on the sidelines of the groundbreaking ceremony of Micron's semiconductor plant, Vaishnaw said 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.
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Offering CollegeCourseWebsiteNorthwestern UniversityKellogg Post Graduate Certificate in Product ManagementVisitIndian School of BusinessISB Digital TransformationVisitIndian School of BusinessISB Product ManagementVisitIndian School of BusinessISB Applied Business AnalyticsVisit«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 minister said that the Micron plant, for which construction has started, will start producing the first chip from December 2024 onwards.
Memory chip maker Micron in June announced setting up a semiconductor assembly and test plant in Gujarat entailing a total investment of USD 2.75 billion (around Rs 22,540 crore).
Micron will invest up to USD 825 million in setting up the plant in two phases and the rest of the investment will come from the Centre and the state government.
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