2 weeks ago

PM Modi announces 5-8 more semiconductor plants in 7-8 years

PM Modi announces 5-8 more semiconductor plants in 7-8 years
India plans up to eight additional semiconductor plants – PM Modi outlines manufacturing push · financialexpress.com

Have you ever seen a tiny computer chip inside a toy, phone, or car?

Those little chips are called semiconductors, and they help almost every modern technology work.

For a long time, India talked about making these chips but did not have big factories to do it.

Now, India has started making chips in three factories.

The Prime Minister, Narendra Modi, told everyone this exciting news on Independence Day.

He spoke from a famous old fort called the Red Fort.

He also said that five to eight new chip factories will be built in the next seven to eight years.

India is already sending some chips to other countries.

Making its own chips helps India become stronger and more self-reliant.

Key facts

Announced by
Prime Minister Narendra Modi
Occasion
80th Independence Day address
Location
Ramparts of the historic Red Fort, national capital
Plants in production
3, with exports underway
Additional plants planned
5-8 over the next 7-8 years
Semiconductor units to date
12 units with $20 billion combined investment
Semicon India Programme
12 projects approved across six states, around Rs 1.64 lakh crore investment
Semicon 2.0
Announced in July, covering the complete semiconductor ecosystem

Quotes

Prime Minister Narendra Modi

Indian Prime Minister

“India has moved towards self‑reliance in this sector; three major semiconductor plants have already been established, and I have been informed that production from these facilities has already begun for export. In the coming 7-8 years, five to eight additional semiconductor plants are set to commence operations very soon.”
financialexpress.com
“In today’s digital world and technological landscape, we understand the immense importance of chips. Whether it is electronic goods, medical equipment, or transportation systems, chips are indispensable; without them, the world would come to a standstill.”
financialexpress.com

Sources

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