According to news on July 6, in order to promote and expand the technology manufacturing supply chain, India's IT minister plans to achieve local semiconductor production within 18 months.
India's first semiconductor assembly plant will break ground next month and begin producing the country's first localized chips by the end of 2024, according to a senior government official in charge of New Delhi's $10 billion chip-making plan.
Ashwini Vaishnaw, Minister of Electronics and Information Technology of India, said that the US semiconductor company Micron Technology is building a chip assembly and testing plant in Gujarat. The project will start construction in August. 19.938 billion yuan).
According to previous reports, the central government of India and the government of Gujarat will provide 50% and 20% of the project expenditure respectively according to the ATMP (assembly, testing, marking, packaging) plan previously issued to support the development of the semiconductor industry, which also means that the proportion of Indian government subsidies is as high as 70% of the total expenditure.
The facility will be built in the Sanand area near Ahmedabad, Gujarat. The new factory will enable the assembly and testing of DRAM and NAND products, creating up to 5,000 new direct jobs and jobs over the next five years. 15,000 community job opportunities.
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