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Domestic chip design to receive big push through Rs 1.27 lakh crore Semicon 2.0
Developing
“India achieved its target of developing 85,000 semiconductor engineers over a period of 10 years in just four years, and has now set a new target of developing one lakh more engineers… Students from tier-II and tier-III cities have already designed more than 250 chips… The semiconductor ecosystem being developed in India is also expected to create 50,000-60,000 direct jobs,” said IT Minister Ashwini Vaishnaw.
“I was also glad to see that the scheme has this time been opened up to OCI companies owned by Overseas Citizens of India, which is a very good decision, since they bring rich global experience that will help create truly advanced design companies in India,” said Arjun Malhotra, co-founder of HCL and chairperson of the EPIC Foundation.
For large silicon wafer fabs, the The Centre will fund 40% of eligible capital expenditure, with projects required to invest at least Rs 20,000 crore and have a capacity of at least 40,000 300-mm wafer starts a month.
What's confirmed
What's still developing
- “I was also glad to see that the scheme has this time been opened up to OCI companies owned by Overseas Citizens of India, which is a very good decision, since they bring rich global experience that will help create…
- For large silicon wafer fabs, the The Centre will fund 40% of eligible capital expenditure, with projects required to invest at least Rs 20,000 crore and have a capacity of at least 40,000 300-mm wafer starts a month.
- “India achieved its target of developing 85,000 semiconductor engineers over a period of 10 years in just four years, and has now set a new target of developing one lakh more engineers… Students from tier-II and…
Sources
- The Indian Expresslink