On Wednesday, it was disclosed in Parliament that the government has received four proposals for establishing semiconductor manufacturing plants and 13 for chip assembly units. Minister of State for Electronics and IT, Rajeev Chandrasekhar, highlighted in a written response in the Lok Sabha that these proposals complement the ongoing construction of a Rs 22,516-crore chip assembly plant by the US-based memory chip maker Micron.
Providing further details, the minister stated, “Four proposals have been received for setting up semiconductor fabs, and an additional 13 proposals have been received for setting up compound semiconductor fabs and ATMP (Assembly, Testing, Marking, and Packaging) facilities.”
It is noteworthy that the government has granted approval for the Semicon India program, allocating a total budget of Rs 76,000 crore to foster the development of the semiconductor and display manufacturing ecosystem within the country. This initiative is designed to extend financial support to companies investing in semiconductors, display manufacturing, and design ecosystems.