Govt has received semiconductor proposals worth $26 billion: Chandrasekhar

The Centre has received semiconductor proposals worth $26 billion to date, including a proposal from Israel’s Tower Semiconductor worth around $11 billion, Minister of State for Electronics and Technology Rajeev Chandrasekhar said on Thursday.

“The total amount of cumulative investments that the government has received in the past 2-2.5 years is around $26 billion, excluding the ones that were rejected,” he said.

“This is really significant by any standard of global semiconductor ecosystem expansion, and this is excluding the $1.5 billion that has to be approved for the Semiconductor Lab, Mohali, and the launch of the Bharat Semiconductor Research Centre,” he added.