To gain a position on Asia's semiconductor manufacturing map, India and Thailand have entered a full-fledged battle for manufacturing investment in semiconductors. India has emerged as a rival option to China and the US in the chip competition and is also taking advantage of every chance to establish itself as a significant player in the supply chain. On July 28, Prime Minister Narendra Modi spoke at the SemiconIndia 2023 business conference, highlighting the advantages his nation can provide the world semiconductor industry.

 

"As India moves forward on the path of reform, new opportunities will be created. India is becoming an excellent conductor for semiconductor investments," PM Modi said addressing the inaugural session of 'SemiconIndia 2023' in Gandhinagar, Gujarat.

 

According to a statement made by the It and Electronics Ministry, the Modified Programme for Development of Semiconductors and Display Manufacturing was authorized by the Indian government in 2021 with a budget of Rs 76,000 crores. The initiative intends to offer enterprises involved in silicon semiconductor fabs, display fabs, compound semiconductors, silicon photonics, sensors, semiconductor packaging, and semiconductor design attractive incentive support.

 

The government agreed to Micron Technology Inc.'s request on June 14 to establish a semiconductor unit with a capital expenditure of Rs. 22,516 crore (2.75 billion dollars) in an effort to make India the next chipmaker sector. According to the release, DRAMs, Flash memory, and solid-state devices will all be produced at this Micron production facility.

 

American chipmaking equipment manufacturer Applied Materials and Taiwan's Hon Hai Precision Industry, or Foxconn, are collaborating to develop similar machinery in the state of Karnataka. Concerns about India's infrastructure, including its electrical supply, remain deeply ingrained. Foxconn has canceled a separate semiconductor partnership in India, highlighting the conflicting emotions within the sector.