opinion – nacionstory.com https://nacionstory.com Tue, 25 Jul 2023 12:03:44 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://i0.wp.com/nacionstory.com/wp-content/uploads/2023/07/cropped-nacion-story-logo.png?fit=32%2C32&ssl=1 opinion – nacionstory.com https://nacionstory.com 32 32 230831452 Down But Not Out: On the Indian Government’s Semiconductor Fab Ambition https://nacionstory.com/2023/07/25/down-but-not-out-on-the-indian-governments-semiconductor-fab-ambition/ https://nacionstory.com/2023/07/25/down-but-not-out-on-the-indian-governments-semiconductor-fab-ambition/#respond Tue, 25 Jul 2023 12:01:05 +0000 https://nacionstory.com/?p=1118 The government heralded, in December 2021, its ambition of fabricating the most sophisticated sub-28 nanometre semiconductor chips in India, committing to subsidize 50 percent of its project cost of fab projects besides providing a host of other support measures. It received one application for fabricating 28-nanometre chips from Vedanta-Foxconn JV. Unfortunately, it did not make any real progress. Foxconn terminated the JV in July 2023.

The government has since lowered its ambition. In October 2022, the government promised a 50 percent incentive for almost all types of semiconductor fabs – 28 nm or larger. American semiconductor major Micron Technology Inc. announced, on 22 June 2023, its plans to build a new semiconductor assembly and test facility (not a chips fabrication facility though). The Union Cabinet approved fiscal support of Rs 11,000 crore for this proposed facility.

]]> https://nacionstory.com/2023/07/25/down-but-not-out-on-the-indian-governments-semiconductor-fab-ambition/feed/ 0 1118