1 year ago
India's Chip Manufacturing Efforts Get Government Support
India is working to become a country that creates its own technology products, especially computer chips.
Minister Ashwini Vaishnaw supports this, highlighting Mindgrove Technologies, a company that makes secure chips for devices.
The government helps chip designers through a program called DLI.
Mindgrove, incubated at IIT-Madras, received funds to design 'Vision SoC'.
Prime Minister Modi said 'Made-in-India' chips will be ready by the end of 2025.
The government has approved new projects to create more chips in India.
Ashwini Vaishnaw highlighted Mindgrove Technologies' development of secure IoT chips.
The government supports chip design through the Design Linked Incentive (DLI) scheme.
Mindgrove, incubated at IIT-Madras, secured Rs 15 crore for its 'Vision SoC' chip.
Prime Minister Modi stated 'Made-in-India' semiconductor chips will be available by the end of 2025.
The Cabinet approved four semiconductor projects worth Rs 4,600 crore.
- Who
- Ashwini Vaishnaw, Mindgrove Technologies, and Prime Minister Narendra Modi.
- What
- India is focusing on indigenous chip manufacturing.
- Where
- India
- When
- Announced in a recent post by Ashwini Vaishnaw and the Independence Day speech.
- Why
- To strengthen India's technological capabilities and create indigenous intellectual property.
Key facts
- Minister
- Ashwini Vaishnaw
- Startup
- Mindgrove Technologies
- Chip Focus
- Secure IoT chips
- Funding Scheme
- Design Linked Incentive (DLI)
- Chip Name
- Vision SoC
- Made-in-India Chips
- Available by the end of 2025
- Approved Projects Value
- Rs 4,600 crore
Timeline
India's semiconductor job openings declined amidst market shifts.
The government aided industry growth with financial incentives.
Then, the 'Semicon India Programme' launched major projects.
Now, India accelerates its chip manufacturing hub ambitions.
Quotes
Ashwini Vaishnaw
Union Railways and IT Minister
“Bharat steps up efforts to be a product nation. Chipsets with our own IP is an important objective in this journey.”
businesstoday.in
Sources
Chipsets with our own IP a key objective towards Viksit Bharat: Ashwini Vaishnaw
“Bharat Steps Up Efforts To Be a Product Nation”: Ashwini Vaishnaw Lauds India’s Chip-Making Strides
Chipsets with our own IP a key objective towards Viksit Bharat: Ashwini Vaishnaw
