The central government has decided to extend the window for application for its incentive-backed semiconductor chip design and manufacturing scheme.
“The Indian government is in discussions with major chip manufacturing companies, such as Intel, Samsung Electronics, GlobalFoundries, and TSMC, to seek their proposal to invest in India, and there is no deadline for the chip fab incentive,” officials familiar with the matter said.
The move is aimed at enabling a slew of top global semiconductor majors to also submit their proposals.
Officials say that the government has been in talks with industry heavyweights such as Intel, Samsung, GlobalFoundries and the Taiwan Semiconductor Manufacturing Company (TSMC) to apply for the scheme and invest in India.
“There is no deadline as such. Conversations with many global leaders are ongoing and so extending the date is certain,” said Chandrasekhar. “The government understands that this is a very time-intensive decision and made more so due to travel and physical meeting restrictions (due to the pandemic),” he said.