According to a report on March 1st, the Indian government approved a chip manufacturer investment plan with a total investment of 15.2 billion US dollars (about RMB 109.4 billion) on February 29 to further improve the country’s chip manufacturing levelEssenceThe plan involved in the plan includes TATA Group, CG Power, a subsidiary of Indian Enterprise Group Murugappa, etc. It is expected to start construction in the next 100 days.
Tata Group will cooperate with Li Ji (semiconductor manufacturer of electronic manufacturing of Lizhong, semiconductor manufacturer engaged in wafer foundry), and establish the first large chip manufacturing plant in India in the Western Graterra Dhwarera area. The investment scale is 910 billion Indian rupees(About 79 billion yuan).The factory is expected to produce 3 billion chips each year, which will meet the needs of high -performance computing, electric vehicles, national defense and consumer electronics industries.In terms of power, India has "huge and continuous growth semiconductor demand" and "global customers pay attention to India’s supply chain toughness."
Ambitional chip manufacturer?
In the past few years, India has been working hard to achieve localization of chip assembly and production.The Minister of Electronics and Information Technology, Ashwini Vaishnaw, told reporters at the press conference that as Tata Group’s proposal was approved, India "will become an important participant in the global semiconductor market."
In addition, Tata Semiconductor Assembly and Test PVT LTD will be constructed in the Morita of Morigan (about 23.4 billion) chip packaging factories in the Morita of Moriga, Asiambly and Test PVT LTD,; CG Power will cooperate with Japan’s Ruisa Electronics and Stars Microelectronics in Thailand to build a chip packaging factory worth 76 billion rupees (about 6.6 billion yuan) in the Sanand area of Gujerate. The factory will focus on national defense and space exploration.The Indian Space Research Organization (ISRO) may become a potential customer of its chip.
Ashvini Vishnon said that these factories will be built within the next 100 days, and will be manufactured and packaged for industries such as India’s defense, automobiles and telecommunications industries after production.
In order to realize the mission of "Atmanirbhar Bharat", India has always been committed to improving domestic semiconductor production capacity, attracting foreign companies to carry out business in India, and making India into the center of global electronic system design and manufacturing.
On December 15, 2021, the Modi government launched a $ 10 billion chip industry incentive planPune Stock. According to the plan, the government will provide eligible display and semiconductor manufacturers with a cost of 50%of the cost of high project costs.The Indian government has also approved a incentive plan to support the development of local enterprises engaged in chip design.
According to reports, on July 28, 2023, Modi stated at a semiconductor annual meeting held in his hometown and the "Political Old Nest" Gujarat that India hopes to be a trusted partner and a world chip manufacturer in the semiconductor industry.He has made chip manufacturing as the top priority of his economic policy.Mumbai Wealth Management
The Indian government also contacted other global semiconductor manufacturing companies such as the United States, Japan and South Korea to establish semiconductor manufacturing facilities in India.On June 22, 2023, Micron Technology, the largest storage chip manufacturer in the United States, announced a semiconductor assembly and testing plant in India, which invests in $ 825 million in two stages.
It is estimated that by 2026, India’s semiconductor market size will reach $ 63 billion.
"Chip Dream" is difficult to sail smoothly
Modi tried to attract semiconductor companies to invest in India is not smooth.Earlier, some key investment proposals announced by the Indian government were postponed or rejected.
In February 2022, Foxconn announced the establishment of a chip company with India Mining and Industrial Group Vedanta. The joint venture was worth $ 19.5 billion. The project is expected to create 10,000 employment opportunities.However, this cooperation ended in July 2023 by Foxconn’s withdrawal.
In addition, on May 1, 2023, Karnatakbon, southern India, signed an agreement worth $ 3 billion with chip company ISMC to establish a semiconductor manufacturer.ISMC is a joint venture of UAE -invested company Next Orbit and Tower Semiconductor.However, as Intel, the United States wanted to acquire Israeli tower semiconductors in 2023, the ISMC plan was once stagnant.However, local media reports such as "India Express" pointed out that the Israeli high -pagoda semiconductor has submitted a proposal to the Indian government to build a $ 8 billion semiconductor manufacturing plant.
India Semiconductor Mission, a member of the consultant committee, Ajai Chowdhry, said: "In addition to the efforts to support the Indian semiconductor mission, these three physical factories will make significant contributions to the country’s employment opportunities. I really believe that this step will be greatly greatIt helps to create a prosperous semiconductor ecosystem for the world in India. "
Analysts believe that for India, successful building a chip foundry will be an important milestone and help attract more investment in the chip field.Regarding the investment plan launched on February 29, the Indian government said that these three projects will create 26,000 advanced technology positions and 100,000 indirect jobs.
In addition to boosting domestic employment prospects, this move will also enhance India’s role in the global value chain of semiconductors."Thanks to India, the Minister of Electronics and Information Technology Rajeeev Chandrasekhar said:" Thanks to India already have a large number of design engineers and some start -up enterprises engaged in chip design projects, there are three new approval projects.Solution to the end.
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