The Power of the Chip
Business Today India|September 15, 2024
The government's push for making India a semiconductor hub has attracted big names such as US-based Micron. But profitability and scaleability could prove to be challenges
RICHA SHARMA PALAK AGARWAL
The Power of the Chip

PRIME MINISTER NARENDRA Modi, during the 78th Independence Day speech, outlined India’s commitment to becoming a global leader in semiconductor production. This highlights the country’s mission to reduce dependency on imports and enhance technological self-sufficiency.

India accounts for close to 10% of global semiconductor consumption but lacks manufacturing capabilities. With a strong policy push, the country is now eyeing a demand of $272 billion by 2032 and aims to become a global semiconductor manufacturing hub.

POLICY PUSH

The production-linked incentive (PLI) scheme, introduced in December 2021, has acted as a catalyst, with big players like US-based chipmaker Micron, salt-to-software conglomerate Tata group, and the Murugappa group setting up manufacturing facilities.

The government has also announced a substantial allocation of $10 billion under Semicon India Program for the semiconductor and display manufacturing ecosystem. Of that, around $2 billion was disbursed last fiscal (FY24) and another $4 billion is expected to be spent in FY25.

“The centre’s initiative is not just about silicon manufacturing; it extends to areas like assembly, testing, and packaging,” says Navin Bishnoi, Country Head at Marvell India & AVP Central Engineering. These areas, known as OSAT (Outsourced Semiconductor Assembly and Test) and ATMP (Assembly, Testing, Marking, and Packaging), are integral to building a robust semiconductor ecosystem.

“The roll-out of comprehensive policies, coupled with incentives and funding, has laid the groundwork for expanding manufacturing capabilities in India,” Bishnoi tells Business Today. The response has been encouraging, with four major announcements, he says, marking a significant step forward in strengthening India’s position in the global landscape.

Denne historien er fra September 15, 2024-utgaven av Business Today India.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra September 15, 2024-utgaven av Business Today India.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA BUSINESS TODAY INDIASe alt
"Moving to cloud helped us grow❞
Business Today India

"Moving to cloud helped us grow❞

What was the problem you were grappling with?

time-read
1 min  |
November 24, 2024
She's Got Time
Business Today India

She's Got Time

MORE WOMEN ARE BECOMING WATCH CONNOISSEURS, SEEKING OUT BOTH JEWELLED AND TECHNICAL WATCHES FOR THEIR STYLE AND CRAFTSMANSHIP

time-read
3 mins  |
November 24, 2024
RISING STAR
Business Today India

RISING STAR

PARUL GULATI IS a name that's been steadily gaining prominence in the Indian entertainment industry after she appeared on season 2 of Shark Tank in 2023. She has become a multifaceted personality who effortlessly transitions between acting and entrepreneurship.

time-read
1 min  |
November 24, 2024
Building on a Legacy
Business Today India

Building on a Legacy

WHEN ZAHABIYA KHORAKIWALA stepped into her role as Managing Director of Wockhardt Hospitals over a decade ago, she confronted formidable challenges that have since turned into achievements.

time-read
1 min  |
November 24, 2024
LEADER IN INNOVATION
Business Today India

LEADER IN INNOVATION

AS FEDEX'S PRESIDENT (Middle East, Indian subcontinent and Africa), Kami Viswanathan has a lot on her plate.

time-read
1 min  |
November 24, 2024
WAITING IN THE WINGS
Business Today India

WAITING IN THE WINGS

Here are those who missed out as they have not yet completed a year in office; they'll be strong contenders in 2025

time-read
1 min  |
November 24, 2024
A DECENT PROPOSAL
Business Today India

A DECENT PROPOSAL

IN TODAY'S WORLD OF TRYING TO CREATE AN EQUITABLE SPACE, BOTH MEN AND WOMEN CONTRIBUTE TO THEIR HOUSEHOLDS. WOMEN ARE ENCOURAGED TO HAVE THEIR OWN SAVINGS POOL AND INVESTMENT ROUTINE. GIVEN THIS, HOW SHOULD FUTURE BRIDES APPROACH FINANCIAL PLANNING?

time-read
5 mins  |
November 24, 2024
Women and the STEM Bias
Business Today India

Women and the STEM Bias

EMPOWERING WOMEN IN STEM WILL NOT ONLY BENEFIT INDIVIDUALS, BUT ALSO STRENGTHEN THE ENTIRE INDUSTRY, DRIVING INNOVATION AND PROGRESS.

time-read
3 mins  |
November 24, 2024
ROCKET WOMEN
Business Today India

ROCKET WOMEN

WOMEN IN INDIA ARE NOT ONLY VENTURING INTO SPACE BUT ARE ALSO STARTING TO SPEARHEAD THE COUNTRY'S EFFORTS IN THE GLOBAL SPACE RACE.

time-read
6 mins  |
November 24, 2024
ONE STEP FORWARD
Business Today India

ONE STEP FORWARD

THE NUMBER OF WOMEN INDEPENDENT DIRECTORS IS GROWING STEADILY, BUT IT'S A LONG WAY FROM GENDER PARITY. MUCH MORE NEEDS TO BE DONE TO BREAK THE GLASS CEILING IN BOARDROOMS.

time-read
6 mins  |
November 24, 2024