Semiconductor manufacturing in India: Government offers 50 percent incentive for Fabs . chips

The union cabinet chaired by Prime Minister Narendra Modi on Wednesday approved a proposal to provide 50% financial incentives for the production of semiconductor wafers on technology nodes as well as complex semiconductors, packaging and other chip facilities.

The Cabinet approved the amendments to the “Semiconductor Development Program and Display Manufacturing Ecosystem in India.”

Under the revised program, a uniform financial support of 50% of the Project Cost will be provided across all technology nodes to establish Semiconductor Wonderful.

Given the appropriate technology and nature of complex semiconductors and advanced packaging, the revised program will also provide 50% financial support Pari-passu-mode capital expenditures to establish composite semiconductors. substances / silicon photonics / sensors / discrete semiconductor fabs and ATMP / OSAT, according to a official statement issued after a cabinet meeting.

The program has attracted many global semiconductor players to set up fabs in India. The revised program will expedite investments in semiconductor and display manufacturing in India. Based on discussions with potential investors, it is expected that work on setting up the first semiconductor facility will begin soon.

An Advisory Committee of global experts from industry and academia has been established to advise the India Semiconductor Mission, the focal point for the Semiconductor Development Program and Product Ecosystem. screen export in India.

The Advisory Committee unanimously recommended uniform support for all technology nodes of silicon wafers / Silicon Photonics / Sensors / Discrete Semiconductor Fabs and ATMP / OSAT, which have been accepted by the Government.

Technology nodes from 45nm and above are in high demand driven by Automotive, Electrical and Telecommunications applications. Furthermore, this segment accounts for about 50% of the total semiconductor market, the Ministry of Electronics & IT said in the statement.

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