India's First Semiconductor Manufacturing Facility Takes Shape in Andhra Pradesh
Prime Minister Narendra Modi laid the foundation stone for ASIP Technologies' ₹2,500 crore semiconductor manufacturing facility in Visakhapatnam, Andhra Pradesh. The facility, India's first under the India Semiconductor Mission, will produce 96 million chips annually and create over 2,600 jobs. The project marks a significant step in India's efforts to strengthen its semiconductor ecosystem.
Key points
- Prime Minister Narendra Modi virtually laid the foundation stone for ASIP Technologies' semiconductor manufacturing facility in Visakhapatnam, Andhra Pradesh.
- The ₹2,500 crore facility, India's first under the India Semiconductor Mission, will produce 96 million chips annually.
- The project is expected to create over 2,600 jobs, including 1,000 direct high-skilled positions.
- The facility will cater to high-growth sectors such as artificial intelligence, high-performance computing, and data centres.
- Industry experts hail the development as a significant step in India's efforts to strengthen its semiconductor ecosystem.
The foundation stone laying ceremony for ASIP Technologies' semiconductor manufacturing facility in Visakhapatnam, Andhra Pradesh, marked a significant milestone in India's efforts to strengthen its semiconductor ecosystem. The ₹2,500 crore facility, India's first under the India Semiconductor Mission, will produce 96 million chips annually and create over 2,600 jobs.
The project is a result of a partnership between ASIP Technologies and South Korea-based APACT Co. The facility will cater to high-growth sectors such as artificial intelligence, high-performance computing, and data centres. Industry experts hail the development as a significant step in India's efforts to strengthen its semiconductor ecosystem.
The Union Cabinet's approval of two additional semiconductor manufacturing facilities under the India Semiconductor Mission is a testament to the government's commitment to the sector. The mission aims to make India a global hub for semiconductor manufacturing and design.
Sources
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