Electronics

India poised for $8-12 billion investment with three more semicon units: Vaishnaw

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The minister said that the government can see at least two ‘very good’ proposals for fabrication and OSAT sectors, coming its way in a couple of months

India potentially will have three additional semiconductor chip fabrication technology units, expected to bring in cumulative investment of $8-12 billion, in the near future, said Union Minister for Electronics and Information Technology, Ashwini Vaishnaw.

He was speaking at the inaugural function of semiconductor major AMD’s Global Design Centre launch in Bengaluru. The minister said that the government can see at least two ‘very good’ proposals for fabrication and OSAT sectors, coming its way in a couple of months.

Further, Vaishnaw noted that negotiations are in progress to establish the units with the governments of several States, including Karnataka, Telangana, Tamil Nadu, Gujarat, etc., but he did not disclose the names of the companies.

“India’s semiconductor industry growth is seeing methodical and strategic progress. In the next few years, the nascent and new industry will grow as a major contributor to the entire developing manufacturing base of electronics and telecom,” he said.

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