India Aims To Make Domestic Microchips By End of 2024

India will break ground on its first semiconductor assembly plant next month and begin producing the country's first domestically manufactured microchips by the end of 2024, according to a senior government official who is overseeing New Delhi's $10bn chipmaking foray. From a report: Ashwini Vaishnaw, India's minister of electronics and information technology, said US semiconductor company Micron Technology, which is setting up a chip assembly and test facility in Gujarat, would start construction in August on the $2.75bn project, which includes government support. Vaishnaw said the India Semiconductor Mission spearheaded by Narendra Modi's government was also doing "extensive work" to marshall support from other supply chain partners, including suppliers of chemicals, gases and manufacturing equipment, alongside companies interested in setting up silicon wafer fabrication plants. "This is the fastest for any country to set up a new industry," Vaishnaw said in an interview with the Financial Times. "I'm not just saying a new company -- this is a new industry for the country." He added: "Eighteen months is when we have targeted for [the first] production to come out of this factory -- that is, December of '24." The minister's remarks set a demanding timeline for Modi's government as it strives to build up India's capacity in producing smartphones, batteries, electric vehicles and other electronics. The country's tech manufacturing sector lags behind those of east Asia's export-led economies, notably China, which began earlier and offered more subsidies to industry.

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