1 hr ago

India Bets on Youth to Build Global Semiconductor Giants

India Bets on Youth to Build Global Semiconductor Giants
India’s youth-driven talent will build next Qualcomms, Intels from here in coming years: Vaishnaw · theprint.in

India is trying to become a major maker of computer chips.

The government says five semiconductor units are already producing chips commercially.

Minister Ashwini Vaishnaw believes young Indian entrepreneurs can build companies as important as Qualcomm and Intel.

Foreign companies are also considering large investments in India.

The government wants to develop the whole chip industry, including design, materials, equipment and testing.

It plans to support 200 chip-design startups and train 100,000 technicians.

Many companies and countries took part in the SEMICON India event.

Vaishnaw said India still has much work to do and must be patient.

He also warned that cyberattacks and other disruptions could threaten the industry.

Key facts

Operational units
Five semiconductor units are in commercial production in India.
Semicon 2.0 investment interest
The government estimates USD 11–12 billion in semiconductor investment interest.
Policy allocation
Semicon 2.0 is described as a ₹1,27,500-crore policy push.
Applied Materials plan
Applied Materials announced a USD 5 billion India plan through 2035.
SEMICON India participation
Nearly 600 companies participated in the three-day event.
Talent target
The government aims to train 100,000 skilled technicians and create more than 100,000 jobs.
Startup target
The government is targeting 200 chip-design startups receiving venture funding.

Quotes

Ashwini Vaishnaw

India’s IT and Electronics Minister

“We should be cognizant of the risks and the challenges which may come from other players. So, I have, very candidly, told the entire industry that be prepared for cyberattacks, be prepared for any other kinds of threats and any other kinds of disruptions that might get created by countries which don't like India to come up in the semiconductor value chain.”
livemint.com theprint.in
“I am sure we will have Qualcomms and Intels coming from India in the coming years, as the younger generation takes over the responsibility of building good products.”
livemint.com theprint.in

Sources

Related news