India is going to be the next semiconductor nation, union minister for electronics and IT, Ashwini Vaishnaw said at the tenth edition of the ET Startup Awards 2024 in Bengaluru on Saturday.

Union Minister for Electronics and IT Ashwini Vaishnaw has said that India is moving towards becoming the next semiconductor hub for the world as big investment is happening in this sector in the country.

Nashik: Union Minister of Railways Ashwini Vaishnaw has asserted that there is no way that the Indian Railways would be privatised, rather, the focus of the national transporter is on providing affordable service to all.

India government is boosting all efforts to create semiconductors and display manufacturing ecosystems in India with a total outlay of Rs 76,000 crore. In June, 2023, the Union Cabinet led by Prime Minister of India Narendra Modi had approved the proposal of Micron for setting up a semiconductor unit in Sanand,

Vaishnaw reiterated that the Idaho-based Micron Technology will roll out the first made-in-India memory chips by early 2025. He also gave a status check about the progress of other chip packaging facilities like CG Power’s Sanand facility and Tata Electronics’ Assam ATMP facility.