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Time of India
6 hours ago
- Time of India
'Bharat steps up efforts to be product nation': Ashwini Vaishnaw lauds India's semiconductor push; encourages startups in chip design
India's push to build its own semiconductor ecosystem got a boost after Union Minister for Electronics and Information Technology Ashwini Vaishnaw praised the progress in chip manufacturing, calling it an important step towards becoming a 'product nation'. Taking to X on Monday, Vaishnaw cited a media report while highlighting the importance of homegrown chipsets in India's technological journey. 'Chipsets with our own IP is an important objective in this journey,' he wrote, as he highlighted the government's semiconductor mission and the Design Linked Incentives (DLI) scheme aimed at encouraging start-ups in chip design. In his post, the minister added, 'Bharat steps up efforts to be a product nation. Chipsets with our own IP is an important objective in this journey. Our semiconductor mission has a component - Design Linked Incentives (DLI) - to encourage startups who innovate and design chips. Supported by DLI Scheme and IIT-M expertise, Mindgrove Technologies has designed secure IoT chips.' He highlighted IIT-M incubated Mindgrove Technologies as an example of how innovation is working alongside government policy. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Omaxe State: India's 1st Air Conditioned High Street! Omaxe state Learn More Undo Set up in 2021, the fabless semiconductor start-up develops system-on-chips (SoCs) and hardware in India for the global market. Its secure IoT chips, developed with the support of the DLI scheme and IIT-Madras expertise, are intended for use in CCTV cameras, industrial applications under Industry 4.0, and other Internet of Things (IoT) products. Mindgrove has recently confirmed that it has placed its first mass manufacturing order for secure IoT chips with its foundry partner, according to the media report referred to by the minister. The company also secured approval under the DLI scheme in September last year, amounting to Rs 15 crore, to develop its second product line, the Vision SoC, the report added. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
Economic Times
8 hours ago
- Economic Times
"Bharat steps up efforts to be a product nation": Ashwini Vaishnaw hails India's chip-making strides
Synopsis Union Minister Ashwini Vaishnaw emphasized India's progress in chip manufacturing, highlighting its crucial role in becoming a "product nation." He cited Mindgrove Technologies, supported by the Design Linked Incentives (DLI) scheme and IIT-M expertise, as an example of indigenous innovation. Mindgrove has placed its first mass manufacturing order for secure IoT chips. ANI Ashwini Vaishnaw India's push to build its own semiconductor ecosystem received fresh endorsement after Union Minister for Electronics and Information Technology Ashwini Vaishnaw lauded the progress in chip manufacturing, calling it a crucial step toward becoming a "product nation".Minister Vaishnaw wrote on X, citing a media report, that "chipsets with our own IP is an important objective in this journey," highlighting the government's semiconductor mission and the Design Linked Incentives (DLI) scheme aimed at supporting startups in chip design. In the post on X, Minister Vaishnaw on Monday said India is strengthening efforts to become a "product nation," highlighting that chipsets with indigenous intellectual property are a vital objective in this journey. "Bharat steps up efforts to be a product nation. Chipsets with our own IP is an important objective in this journey. Our semiconductor mission has a component - Design Linked Incentives (DLI) - to encourage startups who innovate and design chips. Supported by DLI Scheme and IIT-M expertise, Mindgrove Technologies has designed secure IoT chips," the minister posted. — AshwiniVaishnaw (@AshwiniVaishnaw) He pointed to IIT-M incubated Mindgrove Technologies as an example of how innovation and policy support are combining to create secure IoT chips for strategic and commercial applications. Founded in 2021, Mindgrove designs innovative SoCs and hardware in India for the global market. The chips are designed for devices such as CCTV cameras, industrial applications under Industry 4.0, and other Internet of Things (IoT) products. Mindgrove Technologies, a fabless semiconductor start-up, recently confirmed that it has placed its first mass manufacturing order for secure IoT chips with its foundry partner, as per the media report cited by the September last year, Mindgrove received approval under the DLI scheme, amounting to Rs 15 crore, to develop its second product line - the Vision SoC, the same media report said.
Time of India
8 hours ago
- Time of India
"Bharat steps up efforts to be a product nation": Ashwini Vaishnaw hails India's chip-making strides
India's push to build its own semiconductor ecosystem received fresh endorsement after Union Minister for Electronics and Information Technology Ashwini Vaishnaw lauded the progress in chip manufacturing, calling it a crucial step toward becoming a "product nation". Independence Day 2025 Modi signals new push for tech independence with local chips Before Trump, British used tariffs to kill Indian textile Bank of Azad Hind: When Netaji Subhas Chandra Bose gave India its own currency Minister Vaishnaw wrote on X, citing a media report, that "chipsets with our own IP is an important objective in this journey," highlighting the government's semiconductor mission and the Design Linked Incentives (DLI) scheme aimed at supporting startups in chip design. In the post on X, Minister Vaishnaw on Monday said India is strengthening efforts to become a "product nation," highlighting that chipsets with indigenous intellectual property are a vital objective in this journey. "Bharat steps up efforts to be a product nation. Chipsets with our own IP is an important objective in this journey. Our semiconductor mission has a component - Design Linked Incentives (DLI) - to encourage startups who innovate and design chips. Supported by DLI Scheme and IIT-M expertise, Mindgrove Technologies has designed secure IoT chips," the minister posted. — AshwiniVaishnaw (@AshwiniVaishnaw) He pointed to IIT-M incubated Mindgrove Technologies as an example of how innovation and policy support are combining to create secure IoT chips for strategic and commercial applications. Founded in 2021, Mindgrove designs innovative SoCs and hardware in India for the global market. The chips are designed for devices such as CCTV cameras, industrial applications under Industry 4.0, and other Internet of Things (IoT) products. Live Events Mindgrove Technologies, a fabless semiconductor start-up, recently confirmed that it has placed its first mass manufacturing order for secure IoT chips with its foundry partner, as per the media report cited by the minister. In September last year, Mindgrove received approval under the DLI scheme, amounting to Rs 15 crore, to develop its second product line - the Vision SoC, the same media report said.
