Intel welcome to India by Union Minister for Electronics and Information Technology Ashwini Vaishnaw, after Intel Foundry Services president Dr Randhir Thakur congratulate the minister over the central government’s decision on the design and manufacturing of semiconductor chips in India.
IT Minister Ashwini Vaishnaw Tweet :
The IT Minister Ashwini Vaishnaw was replying to a tweet by Randhir Thakur congratulating India over incentives extend by the central government for semiconductor designs and manufacturing.
Randhir Thakur Tweets :
The Union Cabinet led by Prime Minister Narendra Modi approve a budget of Rs. 76,000 crore for designing and manufacturing semiconductor chips in India.
Prime Minister Narendra Modi has taken a historic decision in the field of electronics in which the development of a complete ecosystem could take place within the country including design, fabrication, testing and packaging.
It would take an investment of Rs. 76,000 crore.
Today we have reach $75 billion (approx. Rs. 5,61,306 crore) in electronics manufacturing in 7 years.
With the pace that we are moving at, in the next six years, we will reach $300 billion (approx. Rs. 22,45,240 crore) in electronics manufacturing as per Ashwini Vaishnaw.
Intel Foundry Services deals with designing and manufacturing assured integrated circuits by establishing and demonstrating a semiconductor IP ecosystem to develop and fabricate test chips on Intel 18A, Intel’s most advanced process technology.
THANK YOU FOR READING.