Union Minister Ashwini Vaishnaw has reportedly said that the first ‘Made in India’ chip will be rolled out this year
He was addressing the World Economic Forum in Davos, Switzerland
Vaishnaw, in the Semicon India 2024 event in September last year, said that India aims to launch 3-4 major products in the semiconductor space in coming years
Union Minister Ashwini Vaishnaw has reportedly said that the first ‘Made in India’ chip will be rolled out this year.
“Now we are looking at the next phase, where we can get equipment manufacturers, material manufacturers and designers in India,” the minister was quoted as saying in a Mint report.
He was addressing the World Economic Forum in Davos, Switzerland.
Vaishnaw said that stakeholders have shown solid confidence in the Centre’s semiconductor programme, adding that the industry is working to achieve the huge transformative changes in the process of the multiple levels of materials’ purity.
The central government has been directing its focus greatly into the semiconductor industry, where one of its initiatives the Semicon India programme, launched in 2021 has provided subsidies to companies engaged in semiconductor fabs, display fabs, chip packaging, sensors and semiconductor design, among others.
Notably, Vaishnaw, in the Semicon India 2024 event in September last year, said that India aims to launch 3-4 major products in the semiconductor space in coming years.
This development also comes at a time when numerous global and domestic companies have been working to build chips in India, with the resources and the innovative tech advancements.
For instance, in September last year, Tata Group-owned Tata Consultancy Services (TCS) was known to be working with group peer Tata Electronics to roll out first made-in-India chips by 2026, where the first chip from Assam will roll out by late 2025 or early 2026, as per reports.