 "Semiconductor")
The recently-announced $10-billion joint fab proposal by Israel’s Tower Semiconductor and India’s Adani group is at the appraisal stage under the India Semiconductor Mission (ISM).
The Ministry of Electronics and Information Technology
(MeitY) has sought details from entities involved in the project, said ISM chief executive officer (CEO) Akash Tripathi on Monday.
“Tower has submitted a proposal but it has to provide details… and when it provides those details we will examine that. Right now, it is at the appraisal stage and we have sought more information from it,” said Tripathi at a press conference in Delhi.
Interestingly, last week, the Maharashtra cabinet gave its nod to a semiconductor fab unit to be established jointly by the Adani Group and Tower Semiconductor in Panvel, near Mumbai. It would entail an investment of about Rs 83,947 crore ($10 billion).
The proposal, however, is yet to be approved by the MeitY.
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Tripathi, who heads the Rs 75,000-crore ISM, said there were around 20 more semiconductor proposals in the pipeline.
But the government has plans to directly support the industry for a period of 10 years.
“Under the ISM, we have almost 20 more proposals which include compound semiconductors and Outsourced Semiconductor Assembly and Test (OSAT) units among others. Now, we need to look at developing the entire semiconductor ecosystem as only having fabs or OSATs won’t suffice. There’s a need to bring up the entire ecosystem,” he said.
Tripathi also said that the government had envisioned overall fab units to be in double digits in the country, while formulating the ISM. “Under the semicon India programme, we had envisioned 2-3 semicon fabs, 2-3 display fabs and also various compound semiconductor fabs. So, I think total numbers will be somewhere around in double digits,” he added.
Talking about the revamping plans of government's Semiconductor Laboratory (SCL), Mohali, Tripathi told the press that there has been keen interest from big private players for the project and a request for proposal (RFP) on it will be floated very soon.
He was speaking at a press conference, organised jointly by MeitY, India Cellular Electronics Association (ICEA) and SEMI prior to the three-day Semicon India event to be held from 11-13th September, 2024.
The event is set to attract global leaders from more than 250 semiconductor companies and their ecosystems, and will see participation from more than 70 countries. Prime Minister Narendra Modi will also address the event on its inaugural day on September 11.
 "Adani Enterprises, Adani group")
 "adani")
 "SEBI")
 "semiconductor, Chip")
 "Adani, Adani group")
