$1 billion incentive per company may attract 2-3 chip majors with Rs 70K-80K crore investment: IESA

New Delhi: An incentive support to the tune of $1 billion per company for semiconductor manufacturing companies can give India a competitive standing against other countries and easily attract 2-3 large investments worth a cumulative Rs 70,000 to 80,000 crore, for setting up specialty fab units in India, a senior executive at US chip designer and maker Texas Instruments said.

“Today most large markets are bullish on developing a semiconductor manufacturing ecosystem within their geographies and even companies are looking to diversify their supply chains,” Rajeev Khushu, Director of Corporate Affairs & Government Relations at Texas Instruments (TI), told ET.