skip to content

Silicon Fabs: Companies Propose Big Investment, No Big Names Yet

- Advertisement -

Applicants were initially given 45 days to submit applications while setting February 15 as the deadline for proposals under the silicon semiconductor fab manufacturing incentive scheme

Five companies have proposed to invest more than Rs 1.53 Lakh Cr to set up display and semiconductor fabs in India. An official statement by the government of India notes that Vedanta Foxconn Joint Venture, ISMC and IGSS Ventures have proposes $13.6 billion investment. These companies are looking for support of $5.6 billion from the government of India.

It is worth noting here that the GOI had recently announced Semicon India Program with an outlay of Rs 76,000 Cr. The notification by the Ministry of Electronics and IT notes that Elest and Vedanta have proposed to set up a display manufacturing fab. The total investment promised is $6.7 billion whereas they are seeking support of $2.7 billion from the centre.

- Advertisement -

Syrma Technology, SPEL, Valenkani and HCL have also shown interest in semiconductor packaaging. RuttohSha International Rectifier has also registered for compound semiconductors. Curie Microelectronics, Terminus Circuits, and Trispace Technologies have further registered for the design linked semiconductor scheme.

The window for submitting the applications for the Rs 76,000 crore semiconductor design and manufacturing scheme, as per recent reports, will be extended by the Centre inorder to enable a slew of top global semiconductor majors to also submit their proposals.

Applicants were initially given 45 days to submit applications while setting February 15 as the deadline for proposals under the silicon semiconductor fab manufacturing incentive scheme, which forms part of the overall semiconductor policy.

Minister of state for electronics and IT Rajeev Chandrasekhar told news publication ET, “There is no deadline as such. Conversations with many global leaders are ongoing and so extending the date is certain.”

“The government understands that this is a very time-intensive decision and made more so due to travel and physical meeting restrictions (due to the pandemic),” he added.

- Advertisement -

Most Popular Articles

Mukul Yudhveer Singh
Mukul Yudhveer Singh
Mukul Yudhveer Singh is an Editor at EFY. He’s an experienced business journalist who is both an enthusiast and a cynic of technology. Believes in data, as well as hunch-based journalism. He defines journalism as- reporting facts which help the audience take their own decisions, not ones that influence them!

Is Foxconn Navigating Partnerships Amid Honda-Nissan Merger Breakdown?

0
Amidst Honda-Nissan merger talks stalling, Foxconn reportedly pursues potential partnerships with Nissan and Renault, eyeing a major shift in the global EV automotive landscape. Recently,...

Rupee Slump Sparks Price Hikes In Electronics, EVs

0
As the Indian rupee plunges against the dollar, electronics and EV sectors raise prices to offset import costs, highlighting the urgent need for greater...

New DRDO-Adani Counter-Drone System Debuts At Aero India

0
With advanced defence tech to counter evolving aerial threats, DRDO and Adani Defence unveiled a cutting-edge counter-drone system at Aero India 2025. On Tuesday,...

Enfabrica Launches New AI R&D Centre In Hyderabad

0
A new R&D facility in Hyderabad? To boost AI networking innovation, targeting Generative AI and scaling GPU clusters, with plans for workforce expansion, US'...

Eastman, Urja Mobility To Power Electric Three-Wheelers

0
Integrating IoT and software solutions for enhanced mobility, Eastman Auto partners with Urja Mobility to supply batteries for electric three-wheelers in India. On Tuesday,...
Anshuman Divyanshu, CEO, Exicom

“Our Chargers Are Fully Interoperable and Compatible with All Vehicles” – Anshuman Divyanshu, Exicom

0
Battery safety and longevity, the effects of charging and discharging, and various safeguards and features are among the most critical considerations for a battery...
Khushal Panchal,  chief operating officer (COO), PCB Power

“We Differentiate Ourselves By Producing Radio Frequency PCBs For Wireless Communication Devices” – Khushal...

0
With technology and policy support, Indian PCB manufacturing is at a turning point. Can innovation and scale match global giants? PCB Power leads the...
Jayesh Ranjan IAS, Special Secretary, Department of Industries and Commerce and ITE&C, Government Of Telangana

“To Compensate For Telangana’s Lack Of A Wet Port,Our Incentives Help ESDM And Semiconductor...

0
Despite logistics challenges, how is Telangana securing billion-dollar investments in electronics? Will the state unveil a new semiconductor policy soon? Jayesh Ranjan, IAS, from...
Shrinivas Kulkarni CFO, Cyient DLM

“Acquisitions That Help Address Gaps In Our Design Capabilities….. Interest Us” – Shrinivas Kulkarni,...

0
Over the past five years, Cyient DLM (formerly Rangsons Electronics), a subsidiary of Cyient Limited, has rapidly expanded its footprint in the design-led manufacturing...
Akshay-Kashyap-of-Greenfuel-Energy

“Many Companies Avoid Pack Testing And Validation Because It Is Time-Consuming” – Akshay Kashyap,...

0
Battery pack reliability goes beyond cell quality—it relies on precise engineering, thorough testing, and tailored thermal management. In a conversation with EFY’s Nitisha Dubey,...

Meridian Joins Altair’s Startup Programme To Boost UAV Tech

0
Eyeing to drive innovation in UAVs and hybrid power tech with simulation tools and expert support, Altair teams up with Meridian Flight Systems in...

Mitsubishi Electric Acquires Stake In Itanta Analytics Startup

0
Aiming to boost manufacturing digitalisation and efficiency with simplified automation solutions, Mitsubishi Electric India invests in Itanta Analytics to develop no-code data analysis tools....

Union Budget 2025-26: What It Has For The Electronics Sector?

0
With reduced and exempted duties, tax relief for manufacturing, and increased support for startups, this Budget addresses a broader range of issues within the...

IndiaAI Mission Expands To 18,693 GPUs For R&D

0
Aiming to support R&D and ethical AI, Union Minister Ashwini Vaishnaw announced the expansion of IndiaAI’s GPU infrastructure to 18,693 to benefit startups and...
Sambit Parida, CTO and Co-Founder of IG Drones

Innovative Drone Technologies from IG Drones Driving Efficiency Across Sectors

0
Haryana-based IG Drones develops advanced surveillance, agriculture, and defence technologies, focusing on improving adaptability and operational precision. Founded in 2018 by Om Prakash and Bodhisattwa...

Industry's Buzz

Learn From Leaders

Startups