First Made-In-India Chip May be Presented This Year, Government Gives Information

In the last financial year, the import of semiconductors in the country increased by about 18.5 percent to about Rs 1.71 lakh crore. Semiconductors are used in many industries like automobiles and smartphones. Vaishnav during the World Economic Forum NDTV “We can bring the first Made in India semiconductor chip this year,” he said. He said that since the launch of the Semiconductor Mission about three years ago, a lot of progress has been made on this front. Vaishnav, who chairs the country’s AI mission, said that the government is working on the next phase of the AI ​​mission. This includes designing indigenous AI models and AI chips in the country. He said that the government aims to implement the right regulatory framework for Artificial Intelligence. In this, a balance will be created between innovation and regulation.

The government has taken measures to increase the manufacturing of semiconductors. This will reduce dependence on imports. Some big business groups of the country have partnered with foreign companies to increase the manufacturing of semiconductors. Recently Tata group had a tie-up with American semiconductor manufacturer Analog Devices. Tata Electronics, the semiconductor company of Tata Group, plans to invest $ 11 billion to build a laboratory in Dholera, Gujarat. Adani Group has also tied up with Israel’s Tower Semiconductor to set up a semiconductor plant in Maharashtra. About 10 billion dollars will be invested in this project.

Prime Minister Narendra Modi aims to make the country a major power in semiconductors. There may be a major change in the semiconductor segment due to tension between America and China. India, Singapore and Malaysia are likely to benefit from this. Big companies like AMD and Nvidia have also set up research and design centers in the country. The country’s semiconductor market is estimated to reach approximately $63 billion by 2026.