5G WIIF India- Wafer Fabs

WIF- What is In IT For India - Wafer Fabs

India set the ball rolling in earnest to set up semiconductor plants with its ₹76,000 crore PLI (production-linked incentive) scheme in December 2021. The idea is to make the country self-reliant in semiconductors while saving money on imports and help compete with countries such as China.

If the International Semiconductor Consortium (ISMC) gets the Indian government’s sanction to set up a wafer fab in India, chipmaker Intel, too, will be a part of the project since it announced the acquisition of Tower Semiconductor in February. ISMC is a joint venture between Abu Dhabi-based Next Orbit Ventures and Israel’s Tower Semiconductor. Singapore firm IGSS Ventures said it would invest $3.2 billion in Tamil Nadu to set up a high-tech semiconductor park in the state. Foxconn and Vedanta plan to set up a semiconductor fab unit, a display fab unit, and a semiconductor assembling and testing unit over 1,000 acres in Gujarat’s capital Ahmedabad. The three proposals for wafer fabs worth $13.6 billion have sought $5.6 billion in government support.

India has rolled out incentives to make this endeavor a fast reality !!!. Check a quick peek for the corporates.

There is economic rationale to build the fab in India as the interest from majors like Dell, Apple, Acer, HP, Asus, etc has risen and so has teh consumption and demand to make more in India. The country's share is likely to grow to 10% from current 3% which will be approx. $300Bn. 

India also holds the R&D advantage as majors like Samsung and Qualcomm hold large centers here. This will provide much needed impetus to progress and offer the state of the art facility.