Every device in the world should have Indian ‘Chip’ : PM Modi

• Inauguration of ‘Semicon India’ by the Prime Minister

• Aim to make India a ‘Semiconductor Powerhouse’

(A semiconductor substance lies between the conductor and insulator. It controls and manages the flow of electric current in electronic equipment and devices. As a result, it is a popular component of electronic chips made for computing components and a variety of electronic devices, including solid-state storage.)

New Delhi – The government will take all possible steps to make India a ‘semiconductor powerhouse’. The government is focusing on increasing chip production within the country. Our dream is for Indian chips to be in every device worldwide, stated Prime Minister Narendra Modi. He was speaking at the inauguration of the ‘Semicon India 2024’ event, related to the semiconductor industry, in Greater Noida.

The Prime Minister added, “Semiconductors are the foundation for everything from smartphones to electric vehicles and artificial intelligence. India is the eighth country in the world to organize a program related to the semiconductor industry.”

60 lakh Jobs to Be Created in This Sector

The Prime Minister further said, “Today, India’s mantra is to ‘increase chip production’. The Indian government is providing 50% financial assistance to increase semiconductor production. In a very short time, investments worth ₹1.5 lakh-crore have been made in this sector and several projects are on their way to implementation. The Tata Group, in collaboration with a Taiwanese company, and the Adani Group, along with an Israeli company, is setting up chip plants in Maharashtra. ‘American memory maker Micron Technology’ is building a factory in Gujarat. ‘CG Power’ is setting up a chip packaging plant in Gujarat. India’s contribution to semiconductor designing is 20%. India is preparing 85,000 technicians, engineers, and experts for semiconductor manufacturing.

India’s electronics sector is currently worth $150 billion. By the end of the decade, the target is to reach $500 billion. This growth could generate 60 lakh jobs.”