CG Power and Industrial Solutions has sought approval from the Indian government to establish an Outsourced Semiconductor Assembly and Test (OSAT) facility, leading to a surge in its shares.
CG Power and Industrial Solutions Ltd files application with MeitY to set up Semiconductor Assembly and Test facility equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Till now, India has not been a contender in the global semiconductors race. Hence, there aren’t really any giant Indian chip-making companies. But now, several firms are pushing the nation’s chip ambitions, , semiconductors, Semiconductor Manufacturing, Applied Materials India, Modi s US Visit
The window to re-apply for government incentives under the modified semiconductor scheme opened on June 1. This could be a fresh lifeline for applicants, such as the Vedanta-Foxconn JV.