Middle East

Semi-Conind Program receives $ 20.5 billion worth of proposals

New Delhi: The Center has received five proposals for the production of $ 20.5 billion worth of “semiconductors” and “display fabs.”

Therefore, the proposal was received during the first round of application submission for the Center’s “Semi-Conind Program”.

Last year, the federal cabinet approved a semi-conind program at a cost of Rs 76,000 to ensure the development of the domestic “semiconductor and display” ecosystem.

“The India Semiconductor Mission, established as a dedicated body for the’Semicon India Program’, has received five applications for semiconductors and display fabs, with a total investment of $ 20.5 billion,” said the Ministry of Electronics and Electronics. ..

According to the ministry, three companies — Vedanta, a JV with Foxconn. IGSS ventures PTE in Singapore. ISMC has submitted an application for “Semiconductor Fabs”.

“The application for setting up a” semiconductor fab “from 28nm to 65nm has been accepted. With 120,000 wafers per month and an investment of $ 13.6 billion, the central government is seeking financial support of nearly $ 5.6 billion. “

India’s semiconductor market in 2020 will be $ 15 billion and is estimated to reach $ 63 billion by 2026.

The ministry also noted that Vedanta and Erest have filed an application for a “display fab” with an investment of $ 6.7 billion, seeking nearly $ 2.7 billion in financial support from the central government.

An application has been submitted to install the “Gen 8.6 TFT LCD Display Fab” and the “6th Generation Display FAB for State-of-the-art Manufacturing” under the “Scheme” for installing “Display Fabs” in India. rice field. AMOLED display panel used in advanced smartphones. “

The Indian display panel market is estimated at $ 7 billion and is expected to grow to $ 15 billion by 2025.

https://www.siasat.com/semicon-india-programme-receives-proposals-worth-20-5bn-2278841/ Semi-Conind Program receives $ 20.5 billion worth of proposals

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