Semicon 2.0 draws Rs.1 lakh cr in potential chip investments
New Delhi, Sept. 18 -- Semiconductor companies have shown interest in investing around Rs.1 lakh crore ($11-12 billion) in India under Semicon 2.0, the second phase of the government's semiconductor programme, Union electronics and IT minister Ashwini Vaishnaw said on Thursday.
The figure covers companies that have held talks with the government, and the investments are yet to be formally announced or committed under the programme, Vaishnaw clarified. He was speaking to the media on the sidelines of the first day of Semicon India 2026 in New Delhi.
Two equipment makers announced fresh investments plans at the event. US semiconductor equipment major Applied Materials said it would invest $5 billion (Rs.42,000cr - Rs.45,000cr) in India over the next decade and set up a 140-acre research park in the country to expand its research and development (R&D). Lam Research, also a US chip-equipment maker, announced plans to invest Rs.10,000 crore in a silicon component manufacturing facility in India.
The government notified Semicon 2.0 in August with an outlay of Rs.1,27,500 crore. The programme is built around six pillars: semiconductor design, machines and materials, fabs, advanced packaging, R&D, and talent.
Vaishnaw was upbeat about the programme but flagged two global risks that could affect investment flows into India. The first was the large debt built up in advanced economies. If that debt were unwound in an "unorderly way", he said, it could hurt the investment environment and global fund flows, including those into India....
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