Intel Welcomed to India by IT Minister Ashwini Vaishnaw

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Intel was welcomed to India by Union Minister for Electronics and Information Technology Ashwini Vaishnaw, after Intel Foundry Services president Dr Randhir Thakur congratulated the minister over the central authorities’s resolution on the design and manufacturing of semiconductor chips in India.

Intel – welcome to India,” the minister tweeted to the US-based tech big and chipmaker.

The minister was replying to a tweet by Thakur congratulating India over incentives prolonged by the central authorities for semiconductor designs and manufacturing.

“Congratulation to Ministry of Electronics and IT, Ashwini Vaishnaw, Rajeev Chandrasekhar for Semiconductor design and manufacturing incentives for India as hub for electronics and semiconductors,’ tweeted Thakur.

“Glad to see a plan laid out for all features of the provision chain: expertise, design, manufacturing, check, packaging and logistics,” he added.

Earlier this month, the Union Cabinet led by Prime Minister Narendra Modi approved a budget of Rs. 76,000 crore for designing and manufacturing semiconductor chips in India.

“Prime Minister Narendra Modi has taken a historic resolution within the area of electronics during which the event of a whole ecosystem may happen throughout the nation together with design, fabrication, testing and packaging. It would take an funding of Rs. 76,000 crore. Today now we have reached $75 billion (roughly Rs. 5,61,306 crore) in electronics manufacturing in 7 years. With the tempo that we’re shifting at, within the subsequent six years, we are going to attain $300 billion (roughly Rs. 22,45,240 crore) in electronics manufacturing, ” Ashwini Vaishnaw had mentioned earlier.

Intel Foundry Services offers with designing and manufacturing assured built-in circuits by establishing and demonstrating a semiconductor IP ecosystem to develop and fabricate check chips on Intel 18A, Intel’s most superior course of expertise.

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