Latest news with #SemiconductorFabsScheme
Time of India
4 days ago
- Business
- Time of India
Semiconductor mission pushes India from being aspirant to becoming global powerhouse
India is undergoing a transformative journey in the semiconductor space, rapidly building an ecosystem that promises to position the country as a major hub in the global chip manufacturing and design value chain. What makes a phone smart? A computer processes millions of commands in a fraction of a second. A TV brings out the reality as it is happening right now. A satellite collects data and sends signals across the world. It all comes down to that tiny thing called a semiconductor chip, which one can hold between one's fingers. Explore courses from Top Institutes in Please select course: Select a Course Category Technology Data Analytics Leadership Operations Management Product Management healthcare MCA Digital Marketing CXO Design Thinking Artificial Intelligence Data Science MBA Others others Healthcare Degree PGDM Data Science Finance Public Policy Cybersecurity Project Management Management Skills you'll gain: Duration: 12 Weeks MIT xPRO CERT-MIT XPRO Building AI Prod India Starts on undefined Get Details With the global chip market expected to surpass USD 1 trillion by 2030, India is not only aiming to reduce its dependence on imports but also to emerge as a trusted partner in the diversified global supply chain, PIB shared as part of its backgrounder series. At the heart of this transformation is the India Semiconductor Mission (ISM), launched in December 2021 with an outlay of Rs 76,000 crore. The mission is aimed at fostering chip manufacturing, packaging, testing, and design capabilities. It also promotes collaboration between academia and industry to boost R&D and develop a highly skilled talent pool. Live Events As per industry estimates, India's chip market stood at approximately USD 38 billion in 2023 and is projected to grow to USD 100-110 billion by 2030. This growth is underpinned by a strategic policy push from the government, which includes several fiscal incentive schemes. Under the Semiconductor Fabs Scheme, companies receive up to 50 per cent financial support for setting up semiconductor fabrication plants. Similar schemes support display manufacturing, packaging units (ATMP/OSAT), and design startups through the Design Linked Incentive (DLI) scheme. By far, six major semiconductor projects have been approved. These include multi-billion-dollar investments from Tata Group, Micron Technology, CG Power, Kaynes Semicon, and an HCL-Foxconn joint venture. Together, these units will collectively produce millions of chips and wafers per month, fulfilling both growing domestic and global demand. India's design ecosystem is also seeing rapid growth. The recent inauguration of 3-nanometer chip design centres in Noida and Bengaluru marked a breakthrough in high-end chip innovation. To encourage this trend, the DLI scheme has supported as many as 22 startups with Rs 234 crore in funding. These companies are designing chips for critical applications such as CCTV surveillance, mobile networks, smart devices, and automotive systems. Skill development is another key priority under the semiconductor mission. Over 85,000 engineers are being trained in advanced semiconductor and electronics manufacturing, with over 44,000 already certified under the SMART Lab initiative at NIELIT Calicut. Partnerships with global institutions like Purdue University and industry leaders like IBM and Lam Research aim to align Indian talent with international standards. India's growing ambition in semiconductors is showcased annually at the SEMICON India summit, the flagship event hosted in partnership with SEMI (Semiconductor Equipment and Materials International). The 2025 edition, set to take place at New Delhi's Yashobhoomi during September 2-4, will see over 300 exhibitors from 18 countries, including pavilions from Japan, South Korea, Singapore, and Malaysia. With country roundtables, design startup showcases, and skilling forums, the event will highlight India's commitment to collaboration and innovation across the semiconductor value chain. The geopolitical shocks of the COVID-19 pandemic and the Ukraine conflict exposed vulnerabilities in the global semiconductor supply chain , dominated by a few nations like Taiwan, South Korea, China, and the United States. India's push for local manufacturing and design is both a strategic and economic response to reduce reliance on such concentrated geographies. With abundant raw materials, a thriving MSME sector for component manufacturing, and a large base of engineers skilled in AI, IoT, and cloud computing, India is uniquely placed to contribute to the entire semiconductor lifecycle. As approved facilities begin operations and new projects take shape, the country is positioning itself as a trusted hub for semiconductor manufacturing , strengthening its digital economy, national security, and technological self-reliance. "From dependence to dominance, the chip revolution is real and its happening right here, right now in Bharat," the PIB essay concluded.
Time of India
4 days ago
- Business
- Time of India
Semiconductor mission: India steps up chip drive; revolution gathers pace with major investments, talent push
AI image India is undergoing a major transformation in its semiconductor journey, rapidly building capabilities to become a critical player in the global chip value chain. The push is backed by significant policy support, large-scale investments, and a growing pool of skilled engineers, as per news agency ANI. Semiconductors, essential to devices ranging from smartphones and televisions to satellites, form the backbone of modern digital technologies. With the global chip market projected to cross $1 trillion by 2030, India is working to shift from being an import-dependent economy to becoming a trusted manufacturing and design partner globally, according to PIB. At the centre of this transformation is the India Semiconductor Mission (ISM), launched in December 2021 with a budget of Rs 76,000 crore. It is aimed at supporting manufacturing, assembly, testing, packaging, and design of semiconductor chips, while also encouraging R&D and industry-academia collaboration. According to industry data, India's semiconductor market was valued at around $38 billion in 2023 and is expected to reach $100–110 billion by 2030. This anticipated growth is being powered by multiple government schemes. The Semiconductor Fabs Scheme, for instance, offers up to 50% financial support for fabrication units. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This Is What First-Class Living Really Looks Like Explore Undo There are also specific schemes for display fabs, packaging (ATMP/OSAT), and startups under the Design Linked Incentive (DLI) scheme. So far, six major projects have received approval under these schemes. These include large-scale investments from Tata Group, Micron Technology, CG Power, Kaynes Semicon, and an HCL-Foxconn venture. Together, these plants will produce millions of chips and wafers each month to meet both domestic and global demand. India is also making progress in chip design. New 3-nanometre chip design centres in Noida and Bengaluru mark a leap in innovation. Under the DLI scheme, 22 startups have already received Rs 234 crore in support, focusing on chips for mobile networks, smart electronics, surveillance systems, and automotive use. Skill development is another priority. Over 85,000 engineers are being trained in advanced manufacturing and chip design, with more than 44,000 already certified under NIELIT Calicut's SMART Lab programme. Partnerships with institutions such as Purdue University and global firms like IBM and Lam Research are helping align local talent with global standards. India's growing semiconductor ambitions are showcased through the annual SEMICON India summit, organised in partnership with SEMI. The 2025 edition, scheduled for September 2–4 at Yashobhoomi in New Delhi, will feature 300+ exhibitors from 18 countries, including dedicated country pavilions. The Covid-19 pandemic and geopolitical tensions such as the Ukraine war have highlighted the risks of relying on a few nations for global chip supplies. In this context, India's local manufacturing drive is a strategic move aimed at national security and supply chain resilience. With a vast pool of engineers and a strong MSME base supporting electronics manufacturing, India is positioning itself to contribute to the full semiconductor lifecycle—from raw material processing to advanced chip design. As approved projects go live and fresh investments are announced, India's transition from chip dependence to chip leadership appears well underway. 'From dependence to dominance, the chip revolution is real and it's happening right here, right now in Bharat', PIB noted. Stay informed with the latest business news, updates on bank holidays and public holidays . Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025
