Tuesday, 02 January 2024 12:17 GMT

PM Modi's BIG 'Mission Mode' Announcement: 'India-Made Semiconductor Chips By 2025 End'


(MENAFN- Live Mint) During his Independence Day speech from the ramparts of Red Fort, PM Narendra Modi said that the the government is“working in mission mode in semiconductor sector, made-in-India chips”, which will hit markets by end of 2025. He emphasised that 21st century is technology-driven, showcasing countries that excelled in tech have attained success.

Approval of new four new semi-conductor projects

The cabinet recently approved four new semi-conductor projects at investment of 45.94 BLN Rupees. Four projects have been approved under the India Semiconductor Mission (ISM), with two set to be established in Bhubaneswar, Odisha, and one each in Punjab and Andhra Pradesh.

With six semiconductor projects already in progress, the approval of four additional initiatives raises the total to ten projects under the India Semiconductor Mission (ISM), representing a combined investment of around ₹1.60 lakh crore across six states. These projects are expected to directly generate over 2,000 skilled jobs, along with significant indirect employment opportunities, according to reports.

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The newly approved ventures come from SiCSem, Continental Device India Private Limited (CDIL), 3D Glass Solutions Inc., and Advanced System in Package (ASIP) Technologies. These companies will set up semiconductor manufacturing facilities in Odisha, Punjab, and Andhra Pradesh, aiming to meet the rising demand in key sectors such as telecom, automotive, data centers, consumer electronics, and industrial applications.

SiCSem Private Limited, in partnership with UK-based Clas-SiC Wafer Fab Ltd., is set to launch India's first commercial Silicon Carbide (SiC) compound semiconductor fabrication facility in Info Valley, Bhubaneswar, Odisha. Designed with an annual output of 60,000 wafers and 96 million packaging units, the plant will produce high-performance devices for sectors such as defense, electric mobility, railways, data centers, consumer electronics, and solar inverters.

Additionally, 3D Glass Solutions Inc. will establish an advanced, vertically integrated facility for packaging and embedded glass substrates, also in Bhubaneswar. This unit will feature state-of-the-art packaging technologies, including 3D Heterogeneous Integration modules, and will support industries like defense, artificial intelligence, high-performance computing, automotive, and photonics. The plant is projected to deliver 69,600 glass panel substrates and 50 million assembled units annually.

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At the Red Fort , Prime Minister Narendra Modi unfurled the national flag, dressed in a vibrant saffron turban and a tricolour stole. He wore a classic white kurta-churidar, paired with an orange Nehru jacket to mark the occasion. This year's Independence Day is themed 'Naya Bharat', capturing the government's ambition of transforming India into a 'Viksit Bharat', a fully developed nation, by 2047.

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Live Mint

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