The move is aimed at positioning India as a global player in semiconductor manufacturing
Posted: Sat Dec 21, 2024 4:19 am
Targeted Investments for Transformative Impact India's enhanced budget 2024-25 allocates $512 million for incentives under the ATMP scheme, supporting giants like Micron, Foxconn-HCL, and Tata, while attracting new entrants. The move aims to spur innovation in semiconductor manufacturing, which is critical to the digital economy.
In addition, $183 million has been earmarked to develop semiconductor “fab” units and chip plants, with an emphasis on sensor and compound semiconductor production. These investments aim to boost India's manufacturing african whatsapp number capacity and reduce dependence on chip imports, addressing global supply chain vulnerabilities.
In synergy with the AI Mission The additional funding for the semiconductor sector aligns with India's AI Mission, recognizing the mutually beneficial link between pioneering semiconductor technology and advancing artificial intelligence.The Road Ahead for India in the AI Era The AI India Mission aims to transform India into a global AI leader by fostering investment, collaboration and export of AI innovations, while addressing challenges such as data privacy, ethics and inclusion.
In addition, $183 million has been earmarked to develop semiconductor “fab” units and chip plants, with an emphasis on sensor and compound semiconductor production. These investments aim to boost India's manufacturing african whatsapp number capacity and reduce dependence on chip imports, addressing global supply chain vulnerabilities.
In synergy with the AI Mission The additional funding for the semiconductor sector aligns with India's AI Mission, recognizing the mutually beneficial link between pioneering semiconductor technology and advancing artificial intelligence.The Road Ahead for India in the AI Era The AI India Mission aims to transform India into a global AI leader by fostering investment, collaboration and export of AI innovations, while addressing challenges such as data privacy, ethics and inclusion.