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India should get two semiconductor proposals within 12 months: Vaishnaw
Mint Mumbai
|July 29, 2023
India should get two high-quality proposals in semiconductor fab in the next 12 months, said communications and IT minister Ashwini Vaishnaw in an interview.
He said that US packaging and assembly player Micron would get five more companies that are part of its ecosystem players and that more companies were evaluating India as a potential destination. He added that at least one Taiwanese semiconductor company should make chips in India on the back of cooperation with Taiwan. Further, the information technology and telecom ministries are working with the finance ministry to set up specialized units related to the manufacturing of electronics, mobile phones, telecom and semiconductors, such that decision-making is faster. Edited excerpts:
You’ve got nearly $2 billion in investment commitments from AMD, Micron and Applied Materials. What’s the next target?
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