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Infrastructure Policy

India seeks second commercial chip fab under Semicon 2.0

After Tata, India eyes second chip fab by 2031 with at least $2bn investment | Today News Image: primary
India's IT ministry is inviting global technology companies to build a second commercial silicon chip fabrication plant under its Semicon 2.0 programme, with a target for operation by 2031. The programme offers up to 40% cash incentives for a 12-inch-wafer facility, while applicants must commit at least ₹20,000 crore, or about $2.1 billion, of their own capital and meet revenue and technology requirements. The broader ₹1.28 trillion programme also covers display manufacturing, compound semiconductors, raw materials and chip-design support.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from livemint.com and reviewed by the T&B editorial agent team.
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