Semicon India steps forward with Acceptance of Applications for Semiconductor and Display Factorie.
Vedanta-Foxconn JV, IGSS Ventures, ISMC proposes to shut down chip electronics manufacturing companies with a $ 13.6-bn investment
NEW DELHI: The government has received proposals from five electronic chip manufacturing companies and manufacturing industries with an investment of Rs 1.53 trillion, an official statement said on Saturday.
The first round of applications is invited until 15.02.22 to establish Semiconductor and Display Fabs. Despite the tight application times for Greenfield semiconductor and the Display production component, the system has received a positive response.
Vedanta Foxconn JV, IGSS Ventures, ISMC proposes closing the e-chip manufacturing industry with an investment of $ 13.6 billion and seeking $ 5.6 billion in support of Semicon India Rs 76,000.
Applications have been approved for the development of 28 nanometers (nm) to 65 nm semiconductor cables capable of carrying 120 000 wailers per month,” the
statement said. The government provides financial support for chips up to 40 percent over 28 nm to 45 nm and up to 30 percent to set up production units for 45 nm to 65 nm wafer.
“India’s semiconductor market stands at $ 15 Bn by 2020 and is expected to reach $ 63 billion by 2026. The semiconductor manufacturing process is a complex, capital and technological-intensive method for producing semiconductor products.
“India Semiconductor Mission, which was established as a dedicated center for the Semicon India Program, has received five applications for Semiconductor and Display Fabs invested up to $ 20.5 Bn (INR 153,750 crore),” the statement said.
The government has closed the first round of the Semicon Program application window on February 15 but will begin another cycle of industry-based interest.
The government expects to create an estimated Rs 1.7 trillion and 1.35 lakh under the Cabinet-approved small-scale producer program over the next four years.
In addition to electronic chip and display equipment, four companies – SPEL Semiconductor, HCL, Syrma Technology, and Valenkani Electronics – have registered for semiconductor packaging. Ruttonsha International Rectifier is reported to be integrated semiconductors.
Terminus Circuits, Trispace Technologies, and Curie Microelectronics have submitted applications under the Design Linked Incentive Scheme.
Vedanta and Elest have submitted applications for Display Fabs with the projected investment of USD 6.7 Bn, wherein fiscal support from the Central Government is being sought for nearly USD 2.7 Bn.
“India Semiconductor Mission (ISM) will work with applicant companies that have reached out to the provinces to provide world-class infrastructure.
“It will work with regional governments to establish high-tech and 300 – 500 hectares of developed land, 100 KVA Power, 50 MLD (millions of liters per day) water, natural gas, and conventional testing facilities and certificates,” he said.
The government will discuss the structure and amount of financial support with applicants. Funding under this program will be provided on a Pari-passu basis for six years from the date of approval.
The Design Linked Incentive Scheme has successfully generated interest between local companies and Startups through applications registered on the India Semiconductor Mission portfolio. Terminus Circuits, Trispace Technologies, and Curie Microelectronics have submitted applications under this Scheme.
The applicant companies also submitted proposals for technology acquisition, cooperation, and collaboration with research institutes as part of the applications. The active participation of companies under the Semicon India program strengthens the vision of the esteemed Prime Minister of “Aatma Nirbhar Bharat” with the aim of technological leadership in semiconductors for the next 20 years. It is expected to grow the Indian economy, produce many skilled workers, and create significant job opportunities.
The Semicon India program builds on the success of the Digital India Program and the Make in India program in the field of power generation. The pragmatic systems have laid a solid foundation for the Semicon India System, thus making the country a global and competitive place for producing and displaying semiconductors.
Edited by- Subbuthai Padma
Published by- Radhika. N
