Semicon 2.0 has drawn about $12B in investment commitments: IT minister Vaishnaw
The investment commitments span a broad swathe of the semiconductor ecosystem, including equipment, materials, gases, chemicals, assembly, testing, marking and packaging units, substrates and even wafers.
Semicon 2.0 has attracted an estimated $11-12 billion in investment commitments, according to IT Minister Ashwini Vaishnaw. The government anticipates this phase of India's semiconductor program to generate at least 100,000 jobs. Investment spans various sectors, including equipment, materials, gases, chemicals, assembly, testing, marking and packaging (ATMP) units, substrates, and wafers.
The minister declined to disclose the names of involved investors, stating that several preferred to remain anonymous. Vaishnaw highlighted the shift from the initial phase's focus on laying the foundation to building a full-fledged ecosystem, encompassing chip design, equipment, materials, fabs, advanced packaging, research and development, and talent.
He expressed optimism about India's potential to create homegrown global semiconductor majors, citing Qualcomm as a future possibility. The government's strategy includes attracting semiconductor equipment, materials, chemicals, and gas companies, as well as expanding semiconductor talent development. Challenges include global economic risks and supply chain concentration, which Vaishnaw acknowledged as significant hurdles for India's semiconductor ambitions.
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