Lower fab subsidy will not dent India’s appeal to global chipmakers: Vaishnaw
The reduction in central capital support for semiconductor fabrication projects from 50% under the first phase of the India Semiconductor Mission (ISM) to 40% under Semicon 2.0 will not make India less attractive to global investors, said the minister of Electronics and IT Minister Ashwini Vaishnaw on Monday.
His remarks came after the government notified the detailed Semicon 2.0 scheme, aimed at developing India’s semiconductor ecosystem beyond the setting up of fabrication and packaging units and building capabilities across the entire value chain. The scheme provides support for the manufacture of semiconductor-grade wafers, substrates, chemicals, gases, photomasks and photoresists, besides semiconductor equipment, components and refurbished equipment.
