Govt invites proposals for setting up semiconductor FAB plants in India
Semiconductors are used in the majority of electronic products today and constitute to be a significant part of the total value of Bill of Material (BOM). Defined by rapid changes in technology, semiconductor manufacturing is a complex and research-intensive sector, requiring heavy investment
Nidhi Singal | December 16, 2020 | Updated 19:49 IST
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Keen to incentivise and attract investments for setting up of semiconductor FABs in India, the government has issued Expression of Interest (EoI) for setting up/expansion of existing semiconductor wafer/ device fabrication (FAB) facilities in the country or even acquisition of semiconductor FABs outside India. Setting up semiconductor FAB facilities and its ecosystem was one of the main strategies of the National Policy on Electronics 2019 (NPE 2019) that aims to position India as a global hub for Electronics System Design and Manufacturing (ESDM)