The facility, set up by US-based semiconductor major Micron Technology, represents a significant milestone in India’s journey towards strengthening its position in the global semiconductor and electronics value chain.
The partnership aims to strengthen India’s domestic electronics and semiconductor ecosystem and build a geo-resilient supply chain.
Semiconductors play a vital role in modern technology ecosystems, powering critical systems in healthcare, communications, transport, defence, and space.
PM Modi said, “Today, AI (Artificial Intelligence) is being used everywhere, from retail to logistics, from customer service to children's homework.”
The PM said that the power of 21st century has been condensed into a small chip.
SiCSem Private Limited, a company that manufactures semiconductor materials for power electronics, is setting up a ‘Compound Semiconductor Facility’ in Bhubaneswar with an estimated investment of Rs. 2500 crore for the project in Odisha.
The initial phase of the partnership includes a comprehensive assessment of India's existing semiconductor ecosystem and regulatory framework, as well as workforce and infrastructure needs.
Currently, the semiconductor market is polarised between the consumer-driven markets and enterprise-driven markets.
