The three-day ‘SemiconIndia 2023’ conference commenced with Prime Minister Narendra Modi in attendance, aiming to attract investments in India’s emerging semiconductor ecosystem. The conference, co-organized by India Semiconductor Mission and industry associations, intends to establish India as a global hub for semiconductor design, manufacturing, and technology development.
On the first day of the conference, American semiconductor company AMD announced a significant investment of approximately USD 400 million in India over the next five years. This includes setting up a new campus in Bengaluru, which will become their largest design and R&D center, creating around 3,000 new engineering roles by 2028.
During the event, PM Modi invited global semiconductor companies to invest in India, emphasizing the “first mover’s advantage.” He highlighted the need for a trustworthy and reliable chip supply chain, asserting that India, as the largest democracy, could be the trusted partner. The conference witnessed the participation of major companies like Micron Technology, Applied Materials, Foxconn, and others.
Several executives expressed confidence in India’s potential to become a major player in the semiconductor industry. They praised PM Modi’s vision for manufacturing and Digital India, and companies like Micron Technology and Applied Materials announced significant investment plans in India. Despite Foxconn recently withdrawing from a semiconductor joint venture with Vedanta, its Chairman Young Liu assured PM Modi of continued commitment and trust in India as a reliable partner.
Overall, the conference aimed to boost India’s semiconductor industry and establish fruitful partnerships to drive positive progress in the sector.
