India's CG Semi Launches Commercial Chip Production
Indian Prime Minister Narendra Modi has inaugurated commercial production at CG Semi's $870 million chip assembly and testing plant in Gujarat, which will initially produce 200 million chips per year, scaling to 500 million. The plant is part of the India Semiconductor Mission, backed by a $404 million subsidy. The move aims to boost India's semiconductor industry and reduce reliance on imports.
Key points
- CG Semi, a joint venture between CG Power and Industrial Solutions, Renesas Electronics, and Stars Microelectronics, has launched commercial chip production at its $870 million plant in Gujarat, India.
- The plant, an outsourced semiconductor assembly and test facility, will initially produce 200 million chips per year, scaling to 500 million.
- The India Semiconductor Mission, which supports the plant, has received investments from Intel and 3DGS for a $3.3 billion glass-substrate plant in Odisha.
- The Indian government is covering up to half of the eligible capital expenditure through a $404 million subsidy.
- The plant's output will be used in cars, scooters, and industrial equipment, reducing India's reliance on imported semiconductors.
India's CG Semi Launches Commercial Chip Production
Indian Prime Minister Narendra Modi has inaugurated commercial production at CG Semi's $870 million chip assembly and testing plant in Gujarat, marking a significant milestone in India's semiconductor industry.
The plant, an outsourced semiconductor assembly and test facility, will initially produce 200 million chips per year, scaling to 500 million. This move is part of the India Semiconductor Mission, a government-backed initiative aimed at boosting the country's semiconductor industry and reducing reliance on imports.
The India Semiconductor Mission has received investments from major players, including Intel and 3DGS, for a $3.3 billion glass-substrate plant in Odisha. The Indian government is also providing support through a $404 million subsidy, covering up to half of the eligible capital expenditure.
The plant's output will be used in various industries, including automotive, where it will power cars and scooters. The move is expected to have a significant impact on India's economy, creating jobs and stimulating growth in the semiconductor sector.
The launch of CG Semi's plant is a significant step towards achieving India's goal of becoming a major player in the global semiconductor industry. With the government's support and investments from major players, the country is well on its way to reducing its reliance on imported semiconductors and becoming a self-sufficient player in the industry.
Sources
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