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India to Become Global Semiconductor Manufacturing Hub: Modi
India to Become Global Semiconductor Manufacturing Hub: Modi
Sputnik India
India is set to emerge as a major global hub for semiconductor manufacturing, marking a significant step towards technological self-reliance, Indian Prime Minister Narendra Modi said on Thursday.
2024-03-01T20:12+0530
2024-03-01T20:12+0530
2024-03-01T20:24+0530
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India is set to emerge as a major global hub for semiconductor manufacturing, marking a significant step towards technological self-reliance, Indian Prime Minister Narendra Modi said on Friday.This facility will cater to the automotive industry, energy sector, and various consumer and industrial applications.The Indian government has given the green light for the development of three semiconductor manufacturing and assembly plants, drawing an investment of $15.2 billion. The primary facility, a joint venture between Tata and Powerchip Taiwan, will be situated in Gujarat. This plant is slated to manufacture high-performance 28-nanometer microchips and power management chips for industries ranging from defense to electric vehicle manufacturing. The anticipated monthly output stands at a whopping 50,000 microcircuits, making it the largest among the approved projects with an estimated investment of nearly $11 billion. The second manufacturing plant, based in Assam, will be run by another Tata conglomerate company in collaboration with Indian Test Pvt. Ltd. (TSAT). This facility will primarily focus on the assembly and testing of microchips. Meanwhile, Indian CG Power, in tandem with Japanese Renesas Electronics Corporation and Thai Stars Microelectronics, will establish a similar production unit in Sanand, Gujarat. This particular plant will cater to the automotive industry, energy sector, and a wide range of consumer and industrial applications.Optimizing Military & Aerospace Capabilities through Semiconductor Integration: Unlocking Strategic AdvantagesThe demand for semiconductors in the military and aerospace industry is propelled by the need for aircraft upgrades, modernization programs, and the utilization of radiation-tolerant semiconductor components.The Indian government is playing an active role in encouraging the development of an indigenous semiconductor manufacturing industry by offering favourable conditions and financial incentives to foreign companies. For instance, in June 2023, the state of Gujarat signed an agreement with Micron Technology to invest nearly $3 billion in a plant in the region. The plant is expected to start production in December 2024. In addition, the Taiwanese company Foxconn expressed its interest in setting up a chip manufacturing facility in India last year. Semiconductors play a critical role in the functioning of electronic systems and components. In the military and aerospace sector, semiconductors are used in a wide range of devices and systems, including communication and navigation systems, safety equipment, engine and flight control systems, missile systems and weapons systems. The global market for semiconductors in military and aerospace reached $6.3 billion in 2021 and is expected to grow to $12.9 billion by 2031, with an annual growth rate of 7.6% from 2022 to 2031. The demand for semiconductors in the military and aerospace industry is driven by the need for aircraft upgrades, modernization programs, and the use of radiation-tolerant semiconductor components.
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India to Become Global Semiconductor Manufacturing Hub: Modi
20:12 01.03.2024 (Updated: 20:24 01.03.2024) The Indian government approved the construction of three semiconductor manufacturing and assembly plants, attracting an investment of $15.2 billion and marking a significant step towards technological self-sufficiency.
India is set to emerge as a major global hub for semiconductor manufacturing, marking a significant step towards technological self-reliance, Indian Prime Minister Narendra Modi said on Friday.
"With the government's approval for the construction of three semiconductor manufacturing plants, we will move further towards technological self-reliance. This will also ensure that India becomes a global hub for semiconductor manufacturing," Modi said on the social media platform X, formerly known as Twitter.
This facility will cater to the
automotive industry, energy sector, and various consumer and industrial applications.
The Indian government has given the green light for the development of
three semiconductor manufacturing and assembly plants, drawing an investment of $15.2 billion. The primary facility, a joint venture between Tata and Powerchip Taiwan, will be situated in Gujarat.
This plant is slated to manufacture high-performance
28-nanometer microchips and power management chips for industries ranging from defense to electric vehicle manufacturing. The anticipated monthly output stands at a whopping 50,000 microcircuits, making it the largest among the approved projects with an estimated investment of nearly $11 billion.
The second manufacturing plant, based in Assam, will be run by another Tata conglomerate
company in collaboration with Indian Test Pvt. Ltd. (TSAT). This facility will primarily focus on the assembly and testing of microchips.
Meanwhile, Indian CG Power, in tandem with Japanese Renesas Electronics Corporation and Thai Stars Microelectronics, will establish a similar production unit in Sanand, Gujarat. This particular plant will cater to the automotive industry, energy sector, and a wide range of consumer and industrial applications.
Optimizing Military & Aerospace Capabilities through Semiconductor Integration: Unlocking Strategic Advantages
The demand for semiconductors in the
military and aerospace industry is propelled by the need for aircraft upgrades, modernization programs, and the utilization of radiation-tolerant semiconductor components.
The Indian government is playing an active role in encouraging the development of an
indigenous semiconductor manufacturing industry by offering favourable conditions and financial incentives to foreign companies.
For instance, in June 2023, the state of Gujarat signed an agreement with Micron Technology to invest nearly $3 billion in a plant in the region. The plant is expected to start production in December 2024. In addition, the Taiwanese company Foxconn expressed its interest in setting up a
chip manufacturing facility in India last year.
Semiconductors play a critical role in the functioning of electronic systems and components. In the military and aerospace sector, semiconductors are used in a wide range of devices and systems, including communication and navigation systems, safety equipment, engine and flight control systems, missile systems and weapons systems.
The
global market for semiconductors in military and aerospace reached $6.3 billion in 2021 and is expected to grow to $12.9 billion by 2031, with an annual growth rate of 7.6% from 2022 to 2031. The demand for semiconductors in the military and aerospace industry is driven by the need for aircraft upgrades, modernization programs, and the use of radiation-tolerant semiconductor components.
