How India’s $13 billion plan aims to boost self-reliance in chip production
India plans to invest $13 billion in the second phase of its semiconductor mission, as it seeks to build a domestic chip ecosystem covering design, manufacturing, assembly and testing. The aim is to reduce the country’s heavy dependence on imported chips while the surging domestic demand is expected to touch $200 billion by 2035, according to a new report.
The report from The Times Kuwait highlights that the government has already approved 12 semiconductor projects across six states, with Micron, Kaynes Semicon and CG Semi beginning commercial production this year, mainly in assembly, testing and packaging rather than advanced wafer fabrication.
