The government’s plan to promote semiconductor manufacturing may have a bright future. Prakash Mallya, vice president and managing director, sales, marketing and communications group, Intel Technology India Pvt. If you put all that into such a large market like India, it’s a significant semiconductor, plus overall infrastructure opportunity," Mallya added in an interview with Mint. The government will offer $1 billion in cash to each company for setting up semiconductor manufacturing units, according to a March report by Reuters. The semiconductor industry is also facing an unprecedented supply shortage since the end of last year due to unprecedented demand growth.

Source: Mint June 03, 2021 17:48 UTC