[ITBEAR] Minister of Commerce and Industry of India, Piesh Gauer, recently revealed that India is committed to launching the first independent chip within two years, marking the country's ambition in the semiconductor field.

Gaoer said that the government is currently working closely with a number of top international semiconductor companies to accelerate the rise of local chip manufacturing.Micron Technology has announced its investment in India 825 million US dollars to build advanced semiconductor packaging and test facilitiesNagpur Stock. AMD has also established its world's largest design center in Bangalore, focusing on the innovative research and development of semiconductor technology.

The cooperation between India's Tata Group and the foundation of the foundry of the wafers has also made significant progress.The two parties plan to jointly invest $ 11 billion to establish India's first 12 -inch wafer fab in Gujerat. This measure is expected to greatly increase India's position in the global semiconductor industry chain.Pune Wealth Management

In order to further enhance the competitiveness of the local chip manufacturing industry, the Indian government has restarted a semiconductor subsidy plan with a scale of $ 10 billion.The plan will provide up to 50%of cost rewards for related projects, aiming to attract more domestic and foreign investment and jointly promote the vigorous development of the Indian semiconductor industry.New Delhi Wealth Management