India is gearing up to establish a global semiconductor manufacturing hub. The expectation is to reach a semiconductor market worth $64 billion within two years.
Taking into account the vast possibilities in the country, the Centre’s production-linked incentive (PLI) scheme has attracted leading global brands in designing, manufacturing, research, engineering, and other related fields to invest heavily in the forefront of the global stage.
AMD, the renowned semiconductor company, recently inaugurated its largest design center in Bangalore, showcasing a significant triumph. With a focus on research, development, and engineering activities that span 3D stacking, artificial intelligence, and machine learning, the new campus is set to provide job opportunities for thousands of engineers.
AMD aims to invest 40 billion dollars in the coming years for research, development, and engineering activities, encompassing various domains such as designing, development, and manufacturing of chips. This initiative is expected to create employment opportunities for a large number of engineers in the new campus.
With an investment of 275 million dollars in Gujarat, Microchip Technologies, a global semiconductor company, has recently commenced semiconductor testing and packaging activities at its new facility.
The semiconductor industry in India is witnessing a surge in interest and investment, with companies like Foxconn, a major player in the global market, showing interest in making substantial investments in the country. This is indicative of India becoming a major hub for semiconductor manufacturing.
The Centre for Electronics and Information Technology Minister, Ashwini Vaishnaw, revealed that in the fiscal year 2023, three pre-eminent semiconductor companies are planning to invest heavily in semiconductor manufacturing sector in India.
India Electronics and Semiconductor Association anticipate that the semiconductor market in the country will reach 64 billion dollars within two years. This projection highlights India’s growing interest in and commitment to becoming a prominent player in semiconductor manufacturing on a global scale.
Efforts are underway to bolster India’s semiconductor capabilities, and with the support of the PLI scheme and collaborations with global semiconductor giants, the country aims to establish itself as a significant player in the semiconductor manufacturing landscape.
