India moves to establish domestic chip industry

Author: EIS Release Date: Jan 6, 2022

From January 1st, India is taking applications from chip companies to set up fabs in India.

 

The Indian government has allocated $10 billion in support for inwardly investing chip manufacturers.

 

India expects at least a dozen semiconductor manufacturers to start building fabs in the next 2-3 years. The minister responsible for the investments, Ashwini Vaishnaw, told Bloomberg: “The response has been very good. All the big players are in talks with Indian partners and many want to come directly to set up their units here. Almost all big ones are talking to us.” “In next 2-3 years time frame, we see at least 10-12 semiconductors going into production, we see display fab going into production or may be finalizing completion,”  said Vaishnaw, “at least 50-60 designing companies would have started designing the products in the next 2-3 years.”