Union Cabinet approved Kaynes Semicon’s semiconductor unit in Gujarat, part of a Rs 1.5 trillion investment in chip manufacturing
Capital subsidies amounting to Rs 50,000 crore are backing chip manufacturing and OSAT ventures, aiming to boost India’s semiconductor base
By 2032, 60% of India’s chip demand will be for cutting-edge chips below 10 nm, while new plants focus on 28-48 nm chips
India may need to rely on imports for advanced chips and export legacy products, questioning the long-term value of current investments
India’s growing GCCs and expertise in chip design offer an opportunity to lead in R&D rather than focusing solely on manufacturing
Incentivising domestic R&D could position India as a global leader in chip technology, leveraging its talent and intellectual property