At the 'India's Techade: Chips for Viksit Bharat' event, Prime Minister Narendra Modi laid the foundation stones for three semiconductor facilities. The plan to manufacture chips in India is a very ambitious project and the government is heavily subsidizing (around 70%) the cost to make India a silicon manufacturing hub. The Indian government is investing over Rs. 1.25 lakh crore to three semiconductor factories in India. March 13, 2024 – a special day in India's efforts to become a semiconductor hub. Will tomorrow participate in the program 'India's Techade: Chips for Viksit Bharat' and lay the foundation stones of three semiconductor plants worth over Rs. 1.25 lakh crore. Among the… pic.twitter.com/0OQg4k4DjZ — Narendra Modi (@narendramodi) March 12, 2024
Semiconductor Fab Hub, Enabling India to become a global leader in Industry 4.0
March 13, 2024 – a special day in India's efforts to become a semiconductor hub. Will tomorrow participate in the program 'India's Techade: Chips for Viksit Bharat' and lay the foundation stones of three semiconductor plants worth over Rs. 1.25 lakh crore. Among the… pic.twitter.com/0OQg4k4DjZ — Narendra Modi (@narendramodi) March 12, 2024
The first commercial semiconductor plant is set up in Dholera, Gujarat by Tata Electronics Private Limited (TEPL). Tata has partnered with Taiwan's Powerchip Semiconductor Manufacturing Corporation (PSMC) to set up the manufacturing facility.
PSMC will help with technology transfer to India and TEPL plans to roll out 28nm chips by the end of 2026, according to a report by The Economic Times. In the coming years, the plant could churn out 22nm chips. PSMC is ranked as the 7th largest semiconductor foundry globally.
