BACK IN 1969, when Robert Noyce, having co-founded Intel barely a year ago, visited India to see if he could build a fabrication unit to make integrated circuits, no one had imagined a world dominated by electronics and semiconductor chips, as ICs are called. India offered him the opportunity to set up a fab, but it was too small for Intel's ambitions. Later, India did make a beginning with the Semiconductor Complex Ltd, but its facility in Mohali, near Chandigarh, was destroyed in a fire in 1989.
Today, in a post-Covid world, every major economy that has outsourced semiconductor chip manufacturing for decades, is seeking self-sufficiency. And so is India, with a ₹76,000-crore semiconductor and display fab scheme.
While Intel hasn't considered India yet for a fab, some leading names, such as the US-based Micron, Taiwan's Powerchip Semiconductor Manufacturing Corporation (PSMC), and Japan's Renesas have shown trust in the country's semiconductor ambitions. Micron is setting up an assembly, testing, marking, and packaging (ATMP) plant. PSMC and Renesas are working with Tata Electronics and CG Power on a semiconductor fab and a packaging plant, respectively.
But the government isn't stopping at fabs, testing and packaging plants: it is working on a 360-degree approach to creating an ecosystem and leading chip innovation.
The setting up of semiconductor fabs and ATMPs in any country usually leads to the development of a downstream ecosystem-industries that utilise the output to manufacture finished products. Putting in place such an ecosystem is critical to India's semiconductor dreams, says Ashwini Vaishnaw, Union Minister for Electronics and IT. "When semiconductor manufacturing begins in a country, many downstream industries start instantly, like laptop manufacturing, server manufacturing, electric vehicles, automobiles, machines used in factories, where semiconductors are used," he says.
Esta historia es de la edición April 28, 2024 de Business Today India.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición April 28, 2024 de Business Today India.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor? Conectar
Haute Couture in the Kitchen
FASHION BRANDS ARE ENTERING THE RESTAURANT SPACE, AS FOOD SEEMS TO HAVE BECOME THE ULTIMATE FASHION STATEMENT
It's Personal
Mixing work and personal tasks on work machines may be a done thing for many, but it makes sense to have a dedicated device for your personal needs. Here are two such devices
INTO THE BLUE
For WTiCabs Founder and CEO Ashok Vashist, scuba diving is not just an adventure sport. It is a pathway to connect with the ocean
"Challenges are opportunities"
AMIT JAIN CO-FOUNDER & CEO CARDEKHO GROUP CarDekho Group is a digital automotive solutions provider
THE WAIT FOR HIGHER PENSION
ALMOST 18 MONTHS AFTER THE SUPREME COURT RULING, SUBSCRIBERS WHO OPTED FOR A HIGHER PENSION UNDER THE EMPLOYEES' PENSION SCHEME CONTINUE TO WAIT AS THE EPFO, FACING A STAFF CRUNCH, TRIES TO FIGURE OUT THE MATH
"It's possible to have a 25% growth out of India from now on"
Rail Europe Executive Chairman & CEO Björn Bender talks about the India market, the shift to digital, and the way ahead
Evolving Strategies
Companies need to adapt to changing times for a strong workforce
PERKS PRESSURE
IT'S NOT JUST ABOUT THE MONEY ANYMORE FOR EMPLOYEES. FROM FOUR-DAY WORK WEEKS, TO SKILLING ON THE JOB AND MENTAL WELL-BEING EXERCISES, COMPANIES ARE OFFERING A HOST OF BENEFITS TO RETAIN TOP TALENT. IS THIS ENOUGH?
FOSTERING PLURALISM
Axis Bank, with its initiatives and policies, is striving to make a holistic difference to people's careers and hone their skills too
In Keeping With The Times
With a slew of initiatives for its employees, Abbott India is working hard to build a diverse and inclusive workforce