India becoming major player in global semiconductor ecosystem: MoS IT

New Delhi: The announcements of the upcoming chip manufacturing units is a testament to India becoming a significant player in the global semiconductor ecosystem, Union Minister Rajeev Chandrasekhar said on Thursday after the government approved three chip plants entailing an investment of Rs 1.26 lakh crore.

“After years of neglect and missed opportunities, India is finally utilizing the unique opportunity in the electronics and semiconductor ecosystem. Today India finds itself well-equipped with talent, electronic system design, future labs, manufacturing, and packaging capabilities. The announcements of the upcoming manufacturing units is a testament to India becoming a significant player in the global semiconductor ecosystem,” the minister told PTI.