Prime chipmakers together with Foxconn, AMD, Micron and IBM will attend the Semicon India convention in Gandhinagar, Gujarat. The occasion is being held in an effort to draw funding into India’s chip business and set up the nation as a semiconductor manufacturing hub to rival international locations like Taiwan and China.
“The occasion guarantees to be a catalyst for the semiconductor business’s progress by way of invaluable networking, know-how demonstrations, and profitable enterprise prospects,”, a launch by the Gujarat authorities on the Semicon India occasion learn.
“With a robust give attention to innovation, participation and progress, the occasion holds immense significance in shaping the future of the semiconductor business in each India and Gujarat,” the discharge additional famous.
The Semicon India occasion can be inaugurated by Prime Minister Narendra Modi on July 28 and can attended by delegates from 23 international locations. The occasion may also witness stalls from Uttar Pradesh and Gujarat showcasing the steps taken by the 2 state governments to assist semiconductor business.
Audio system for the three-day Semicon India occasion embody Foxconn Chairman Younger Liu, Micron Chief Government Officer Sanjay Mehrotra, and Superior Micro Gadgets Chief Expertise Officer Mark Papermaster.
The discharge by Gujarat authorities notes that Foxconn, Micron, AMD, IBM, Marvell, Vedanta, Lam Analysis, NXP Semiconductors, STMicroelectronics, Grantwood Applied sciences, Infineon Applied sciences, Utilized Supplies and different distinguished gamers within the semiconductor sector will take part within the occasion.
Final month, US-based Micron Technology signed an MoU with the Gujarat authorities for organising of the corporate’s first manufacturing facility in Gujarat and funding of round $825 million. Micron’s first manufacturing facility can be used for testing and packaging chips however not for manufacturing, reported Reuters.
In a bid to advertise chip manufacturing within the nation, the Union authorities had introduced a $10 billion incentive scheme. The scheme attracted proposals from corporations similar to Foxconn and Vedanta, however none of those proposals have materialised up to now.
(With inputs from businesses)
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Up to date: 27 Jul 2023, 08:13 AM IST
Supply: Live Mint