PM Modi: 'India is on track to create a vibrant semiconductor ecosystem.'
The event is attended by Foxconn, Micron, AMD, IBM, LAM Research, NXP Semiconductors, Grantwood Technologies, and other industry leaders.
On Friday, Prime Minister Narendra Modi inaugurated 'Semicon India 2023,' a national-level event concentrating on the semiconductor industry in Gandhinagar.
PM Modi stated at the Semicon India 2023 conference that India has a plethora of potential for the semiconductor industry. He emphasized India's electronics export potential, stating that electronics exports from India have more than doubled in the last two years.
The Fourth Industrial Revolution: Semiconductors
"I believe that the fourth industrial revolution that we are witnessing in the world right now is being driven by Indian aspirations," he remarked.
"A year ago, people asked why they should invest in the Indian semiconductor sector; now they ask why not invest in India," Prime Minister Narendra Modi remarked.
"Semiconductors are not only a necessity for us; the world also requires a trusted and reliable chip supply chain," he added.
The inaugural 'Semicon India 2023' program will highlight investment potential in India's semiconductor sector through an instructive presentation and a dynamic panel discussion conducted by industry.
According to the event's website, it aims to catalyze the semiconductor industry's advancement through networking, technical demonstrations, and profitable business opportunities.
Participating firms include Foxconn, Micron, AMD, IBM, Marvell, Vedanta, LAM Research, NXP Semiconductors, ST Microelectronics, Grantwood Technologies, Infineon Technologies, Applied Materials, and others.
"I thank Prime Minister Modi for his vision of making India a global semiconductor hub." Micron intends to construct a semiconductor assembly and testing facility in Gujarat. "We estimate that our project in Gujarat will create nearly 5,000 direct jobs as well as an additional 15,000 jobs in the community," said Sanjay Mehrotra, CEO of Micron Technology, who was in attendance at the occasion.
"We hope that this investment will help to catalyze additional investments in the sector." Your support for the semiconductor industry and workforce development, Prime Minister, has generated an atmosphere of innovation and corporate growth that is already yielding positive benefits," he added.
AMD's EVP and CTO, Mark Papermaster, stated that the business will invest $400 million over the next five years to improve its R&D skills.
"In Bengaluru, we will build our largest design center," Papermaster added.
Ajit Manocha, President and CEO, SEMI at Semicond India, highlighted India's willingness to join the global semiconductor sector, saying, "Today I can say - the journey has begun." For the first time, geopolitics, domestic policies, and private sector capability are all pointing to India being a player in semiconductor manufacture. The current semiconductor sector is expected to rise to $1 trillion, with India emerging as Asia's next semiconductor powerhouse."
"Let's do this together," Foxconn Chairman Young Liu remarked at SemiconIndia 2023.
Building a semiconductor ecosystem in India is "for the brave," he says, adding, "Where there is a will, there is a way."
Liu expressed hope about the country's semiconductor journey, praising the Indian government's dedication in this respect. "Taiwan is and will be your most trustworthy and dependable partner..."Let's do this together," he suggested.
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