India Semiconductor Industry: 4 Fab, 13 Assembly Proposals
By Rediff Money Desk, NEWDELHI Feb 07, 2024 22:45
India has received 4 proposals for semiconductor fabs and 13 for chip assembly units, in addition to Micron's Rs 22,516 crore plant. The government's Semicon India program aims to develop a semiconductor ecosystem in the country.
New Delhi, Feb 7 (PTI) The government has received four proposals for setting up semiconductor manufacturing plants and 13 for chip assemblies unit, Parliament was informed on Wednesday.
The proposals are in addition to a Rs 22,516-crore chip assembly plant being set up by US-based memory chip maker Micron, Minister of State for Electronics and IT Rajeev Chandrasekhar said in a written reply in the Lok Sabha..
"Four proposals have been received for setting up semiconductor fabs and additional 13 proposals have been received for setting up compound semiconductor fabs and ATMP ( Assembly, Testing, Marking and Packaging) facilities," the minister said.
The government has approved the Semicon India programme with a total outlay of Rs 76,000 crore for the development of semiconductor and display manufacturing ecosystem in the country.
The programme aims to provide financial support to companies investing in semiconductors, display manufacturing and design ecosystems.
The proposals are in addition to a Rs 22,516-crore chip assembly plant being set up by US-based memory chip maker Micron, Minister of State for Electronics and IT Rajeev Chandrasekhar said in a written reply in the Lok Sabha..
"Four proposals have been received for setting up semiconductor fabs and additional 13 proposals have been received for setting up compound semiconductor fabs and ATMP ( Assembly, Testing, Marking and Packaging) facilities," the minister said.
The government has approved the Semicon India programme with a total outlay of Rs 76,000 crore for the development of semiconductor and display manufacturing ecosystem in the country.
The programme aims to provide financial support to companies investing in semiconductors, display manufacturing and design ecosystems.
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- ARC Finance
- 1.48 ( -1.99)
- 102532577
- Vodafone Idea L
- 7.88 ( -4.72)
- 49096173
- Srestha Finvest
- 0.77 ( -4.94)
- 32559790
- Guj. Toolroom Lt
- 18.04 ( -4.95)
- 26881722
- G G Engineering
- 1.51 ( -3.21)
- 18330129
MORE NEWS
Quadrant Future Tek Raises Rs 130 Crore Ahead...
Quadrant Future Tek has raised over Rs 130 crore from anchor investors ahead of its...
Bengaluru Office Demand Soars in 2024: CBRE
Bengaluru's office market saw record leasing of nearly 220 lakh sq ft in 2024, driven...
Budget 2025: Hike in Housing Loan Deduction Sought
NAREDCO urges for increased housing loan interest deduction to Rs 5 lakh and...