NewsStocksIndia's Semiconductor Revolution: First Domestically Manufactured Chips Expected by Year-EndIndia's Semiconductor Revolution: First Domestically Manufactured Chips Expected by Year-End
Prime Minister Narendra Modi announced that India's first domestically manufactured semiconductor chips will be available by the end of the year. The government has approved semiconductor manufacturing units in Odisha, Punjab, and Andhra Pradesh with an investment of Rs 4,600 crore. These projects are expected to create over 2,000 direct skilled jobs. India now has 10 approved semiconductor projects worth Rs 1.6 lakh crore across 6 states. The facilities include India's first commercial silicon carbide chip plant and manufacturing units for various applications including mobile devices, automobiles, and renewable energy.
*this image is generated using AI for illustrative purposes only.
In a significant boost to India's technological capabilities, Prime Minister Narendra Modi has announced that the country's first domestically manufactured semiconductor chips will hit the market by the end of this year. This development marks a crucial milestone in India's journey towards self-reliance in the high-tech sector.
Government Approvals and Investments
The Indian government has given the green light to semiconductor manufacturing units in three states:
- Odisha
- Punjab
- Andhra Pradesh
These approvals come with a substantial financial commitment of Rs 4,600 crore, demonstrating the government's dedication to fostering a robust semiconductor ecosystem in the country.
Job Creation and Economic Impact
The approved projects are expected to generate over 2,000 direct skilled jobs, contributing to India's skilled workforce and technological expertise in the semiconductor domain.
Expanding Semiconductor Landscape
With these new approvals, India's semiconductor project portfolio has expanded significantly:
| Metric | Value |
|---|---|
| Total approved projects | 10 |
| Cumulative worth | Rs 1.6 lakh crore |
| Geographic spread | 6 states |
Diverse Manufacturing Facilities
The approved facilities showcase a diverse range of semiconductor manufacturing capabilities:
- India's first commercial silicon carbide chip plant in Odisha
- Advanced glass-based chip packaging facility
- Manufacturing plants for chips used in:
- Mobile devices
- Automobiles
- Electronics
- Electric vehicles
- Renewable energy applications
- Telecom sector
Progress and Future Outlook
Prime Minister Modi highlighted the tangible progress in India's semiconductor mission:
- Six semiconductor units are currently in various stages of development
- Four new units have received recent approval
This rapid advancement in India's semiconductor manufacturing capabilities is poised to reduce the country's dependence on imports and strengthen its position in the global technology supply chain.
The announcement of domestically manufactured chips reaching the market by year-end signifies a transformative moment for India's tech industry. As these projects come to fruition, they are expected to catalyze innovation, enhance economic growth, and bolster India's standing in the global semiconductor market.
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