There are about 20 more proposals for semiconductor chip manufacturing units and display manufacturing companies, raw material suppliers and chip packaging companies, he told reporters on Monday.
“When we started the ISM, the idea was that we needed to support this industry for at least 10 years until it matures. So, of course, we need to expand it. We need to (expand it) because a large part of this fund (from the first phase of the ISM) has been committed for the projects that we have approved,” he said.
The government is also focusing on attracting other companies, such as raw material suppliers, gas companies and other vendors in the semiconductor ecosystem, to India, besides working on getting chip manufacturing and packaging units, he said.
“We hope that in the future we will also get more investments in this sector. It will not be enough just to have factories or OSATs (outsourced semiconductor assembly and testing). That is why we feel that we need to support all the components of the ecosystem,” Tripathi said.
A proposal by Tower Semiconductor to set up a chip manufacturing unit was under consideration by the ISM and the central government has sought further details from the company, he said, adding that however, a formal proposal from the Tower Semiconductor-Adani Group joint venture was yet to be submitted to the ISM.
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Last week, a Maharashtra cabinet panel approved a $10 billion investment proposal by a Tower Semiconductor-Adani Group joint venture to set up a semiconductor chip manufacturing unit at Taloja in Panvel. The proposed unit, in suburban Navi Mumbai in Raigad district, will have a capacity of 40,000 wafer starts per month (WSPM) in the first phase, which will be scaled up to 80,000 WPSM.
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