Connect with us

Headlines Of The Day

IMEC to help set up semiconductor units in India

Belgium-based semiconductor research organisation IMEC (Interuniversity MicroElectronics Centre) has agreed to provide technical support to create a semiconductor ecosystem in India.

According to officials from the Ministry of Electronics and Information Technology (Meity), IMEC, which is known as an intermediate research organisation in the world of semiconductor fabs, will also develop talent and research abilities in the country. “I am happy to announce that Belgium’s IMEC agreed to provide us with technical support to set the semiconductor ecosystem,” said the official.

Last year in December 2021, the government approved a Rs 76,000-crore-PLI-scheme to boost semiconductor and display manufacturing in the country. The aim of the government is to make India a global hub for hi-tech production and attract large chipmakers around the world. So far, according to Meity minister Ashwani Vaishnaw, the scheme had received five applications for semiconductor and Display Fabs with total investment to the tune of $20.5 billion (Rs 153,750 crore).

Three companies including Vedanta in JV with Foxconn, IGSS ventures pte, Singapore and ISMC have submitted applications for semiconductor fabs. The official also said nearly 65% of semiconductors are used in electric vehicles, power, and telecom equipment and these industries demand big and mid-sized nodes. Therefore, there is a huge market for bigger process nodes and a significant market for mid-sized nodes.

Meanwhile, global electronics contract manufacturer Foxconn’s met Prime Minister Narendra Modi to expand its India’s operation. The Taiwan-based firm had signed a memorandum of understanding with Vedanta Group in February to form a joint venture company to set up an electronic chip manufacturing plant in India.

PLI scheme for semiconductor, Display Fabs
So far, according to Meity minister Ashwani Vaishnaw, the PLI scheme had received five applications for semiconductor and Display Fabs with total investment to the tune of $20.5 billion (Rs 153,750 crore). New IndianExpress

Click to comment

You must be logged in to post a comment Login

Leave a Reply

Copyright © 2022 TV Veopar Journal

error: Content is protected !!