
2 Chinese roadblocks to India's semiconductor ambition
Semiconductor mission: Mere fiscal incentives aren't enough; India needs skilling, investments, a conducive business environment, dispute resolution mechanisms and much more to make it happen
Semiconductor mission: Mere fiscal incentives aren't enough; India needs skilling, investments, a conducive business environment, dispute resolution mechanisms and much more to make it happen
The investment includes AMD's new campus in Bengaluru which will serve as AMD's largest R&D facility in the world.
The scope of benefits are huge, but immediate gains remain a question.
The new facility will create up to 5,000 new direct Micron jobs
Since PLIs and DLIs were introduced, there has been no post facto study on their efficacy on the ground.
The application will be received by India Semiconductor Mission (ISM), which is the governing body of the Modified Semicon India Programme.
The proposal is to leverage the complementary strengths of both countries and facilitate commercial opportunities and development of semiconductor innovation ecosystems.
The development comes months after both companies, through a joint venture, proposed to set up a chip manufacturing facility in the state with an investment of ₹1.54 lakh crore.
Getting all set for faster connectivity.
Overall semiconductor market in India stood at $27 billion in 2021, which is expected to increase to $64 billion by 2026, says Tarun Pathak, Research Director, Counterpoint Research.