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The companies to be watched
Vedanta in JV with Foxconn
IGSS Ventures Singapore
ISMC
SPEL Semiconductor Ltd.,
HCL,
Syrma Technology
Valenkani Electronics
Terminus Circuits
Trispace Technologies
Curie Microelectronics

New Delhi, NFAPost: India Semiconductor Mission’s Semicon India Programme has received an overwhelming response to widen the electronic manufacturing and ensure the development of Semiconductor and Display ecosystem in the country.

The Union Cabinet approved via the Semicon India Programme with an outlay of Rs 76,000 crore with overwhelming participation of companies, both Indian and foreign. The first round of applications was invited till February 15 for the establishment of Semiconductor and Display Fabs.

Semiconductors are the building blocks of electronic devices ranging from smartphones and cloud servers to modern cars, industrial automation, critical infrastructure and defence system.

The Indian semiconductor market stands at $15 billion in 2020 and is estimated to reach $63 billion by 2026. Semiconductor manufacturing is a complex, capital and technology-intensive process of fabricating semiconductor wafers.

India Semiconductor Mission, which has been set up as a dedicated institution for Semicon India Programme, has received 5 applications for Semiconductor and Display Fabs with total investment to the tune of $20.5 billion (Rs 153,750 crore).

The three companies applied include companies viz., Vedanta in JV with Foxconn; IGSS Ventures Singapore and ISMC have submitted applications for Semiconductor Fabs.

The applications have been received for setting up 28 nm to 65nm Semiconductor Fabs with capacity of approx 120,000 wafers per month and the projected investment of $13.6 billion wherein fiscal support from the Central Government is being sought for nearly $5.6 billion.

Display Fabs

Displays constitute a significant portion of electronic products. India’s display panel market is estimated to be ~USD 7 billion and is expected to grow to ~$15 billion by 2025. Under the Scheme for setting up of Display Fabs in India, applications have been filed for setting up Gen 8.6 TFT LCD Display Fab as well as 6th Generation Display FAB for the manufacture of State-of-art AMOLED display panels that are used in the advanced smartphones.

Two companies have applied for this business. Vedanta and Elest have submitted applications for Display Fabs with the projected investment of $6.7 billion wherein fiscal support from the Central Government is being sought for nearly $2.7 billion.

The applicant companies under the Semiconductor and Display Fab Schemes have been issued acknowledgment by India Semiconductor Mission (ISM) that has been set up as an independent institution to spearhead the Semicon India programme.

ISM will coordinate with the applicant companies who have also reached out to states to provide access to world class infrastructure. It will work closely with the state governments to establish high-tech clusters with 300 – 500 acres of developed land, 100 KVA Power, 50 MLD Water, availability of natural gases and common facility centres for testing and certification.

Compound Semiconductors / Silicon Photonics / Sensors Fab and Semiconductor Assembly, Testing, Marking and Packaging (ATMP) /OSAT facilities

In order to establish a trusted electronics value chain in the areas of application of fabrication and packaging technologies, Scheme for setting up of Compound Semiconductors / Silicon Photonics / Sensors Fab and Semiconductor Assembly, Testing, Marking and Packaging (ATMP) /OSAT facilities in India is being implemented.

Four companies have applied for this. SPEL Semiconductor Ltd., HCL, Syrma Technology and Valenkani Electronics have registered under this Scheme for Semiconductor Packaging; and Ruttonsha International Rectifier Ltd. has registered under this Scheme for Compound Semiconductors.

Semiconductor Design

The Design Linked Incentive Scheme has been successful in generating interest among domestic companies and Startups with applications registered on the India Semiconductor Mission portal. Three companies viz., Terminus Circuits, Trispace Technologies and Curie Microelectronics have submitted applications under this Scheme.

The applicant companies have also submitted the proposals for technology acquisition, partnerships and collaborations with research institutes as part of the applications.

The enthusiastic participation by the companies under the Semicon India Programme reinforces the Hon’ble Prime Minister’s vision of “AatmaNirbhar Bharat” with the aim of technology leadership in semiconductors over the next 20 years. This is expected to boost the Indian economy and generate skilled pool of manpower along with significant employment generation.

Semicon India Programme is building on the successes of Digital India Programme and Make in India Programme in electronics manufacturing sector. The pragmatic schemes have laid a strong foundation for the Semicon India Programme thereby making the country an internationally conducive and competitive destination for semiconductor and display manufacturing.

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