The US-based semiconductor service company Lam Research announced a huge investment of Rs 10,000 crore in India. This will boost the current government’s semiconductor vision.
The Narendra Modi government has been delicately working to grow the nascent chipmaking industry in India through initiatives such as a $10 billion incentive package. India hopes to have a semiconductor market worth $63 billion by 2026.
The international-level chip companies are making investments and setting up facilities in India as they strive to strengthen the semiconductor industry and compete with major hubs like Taiwan.
California-based Lam Research develops tools that are crucial for semiconductor manufacturing. Its products are mainly used in a varied range of water processing and wiring of semiconductor devices. Lam Research has signed an MOU with the Karnataka government to lease and buy a land parcel in Whitefield in Bengaluru.
Karnataka, besides having the IT hub of Bengaluru, is among the top contributors to India’s economy. It is a major exporter of software, IT services, and manufactured goods.
Last year, in July, Lam made the decision to increase its supply chain in the country. The institution has already made many custom parts and high-precision components produced by the Indian suppliers passing Lam’s qualification cycle. The work is still going on to scale the country’s supply chain operation in the coming years to support the global resilience objective.
The Indian Semiconductor Mission has approved five projects so far, which hold an outlay of Rs 76,000 crore. The Sanand ATMP plant by Micron Technology is part of it.
Tata Electronics, in collaboration with Taiwan’s Powerchip Semiconductor Manufacturing Corporation, is setting up India’s first commercial fabrication facilities with an investment of 91,000 crore in Dholera, Gujarat.
The Outsource Semiconductor Assembly and Test Facilities in Sanand, Gujrat, and Assam.
The Outsource Semiconductor Assembly and Test facility will be built by CG Power and Industrial Solution Limited with an investment of Rs. 7,500 crore.
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