FAQ: SEMICON India 2024

1. What role did Prime Minister Modi play in SEMICON India 2024?

Prime Minister Modi’s visionary leadership has been crucial in advancing India's semiconductor ecosystem. His policies have focused on building semiconductor manufacturing capacity, fostering innovation, and strengthening global partnerships.

2. What is the main vision of SEMICON India 2024?

SEMICON India 2024 aims to position India as a global hub for semiconductor design and manufacturing, fostering innovation, economic growth, and a robust supply chain ecosystem.

3. How will India contribute to the global semiconductor supply chain?

India is working to become a key player in the global semiconductor supply chain by investing in fabrication plants, developing talent, and forming strategic partnerships with countries like the US, Japan, and Singapore.

5. How will the semiconductor mission impact India’s economy?

The semiconductor mission is expected to create over 6 million jobs, drive innovation, and boost India’s manufacturing capabilities, aiming to grow the electronics sector to $500 billion by the end of the decade.

6. What is the importance of talent development in SEMICON India 2024?

Talent development is a key component of the program, with collaborations with over 113 universities to create semiconductor-focused curricula, ensuring a strong pipeline of skilled professionals.

7. What partnerships has India formed for semiconductor manufacturing?

India has formed partnerships with key global players like Micron, TSMC, and Powerchip to develop state-of-the-art fabs and bring cutting-edge technology to Indian soil.

8. How will SEMICON India 2024 affect global semiconductor demand?

With India’s growing manufacturing capacity, the country is set to play a pivotal role in meeting global semiconductor demand, particularly in sectors like automotive, AI, and 5G technologies.

9. What initiatives have been announced for research and innovation?

India has set up a $1 trillion research fund and launched the National Research Foundation to accelerate innovation in semiconductor design and manufacturing.

10. How will the semiconductor ecosystem benefit other industries in India?

The semiconductor ecosystem will boost industries like automotive, AI, healthcare, telecommunications, and defense, driving India’s growth as a technology powerhouse.

11. What is India’s approach to building a resilient supply chain?

India’s approach involves diversifying supply chains, building domestic capacity, and fostering partnerships with other nations to ensure a stable and secure semiconductor ecosystem.

12. How has COVID-19 impacted India’s semiconductor industry?

While the pandemic disrupted global supply chains, India’s quick response with reforms and policies ensured that the country remained on track with its semiconductor manufacturing goals.

13. How does India’s digital infrastructure support the semiconductor mission?

India’s world-class digital infrastructure, including UPI, RuPay, and other digital platforms, forms the backbone of its semiconductor mission, providing the ecosystem for growth and innovation.

14. What is Silicon Diplomacy and how does it relate to SEMICON India?

Silicon Diplomacy refers to India’s efforts to build global partnerships in the semiconductor space, ensuring reliable and trusted supply chains with strategic partners like the US, Japan, and EU.

15. How will India support critical minerals production?

India has launched a Critical Mineral Mission, offering customs duty exemptions and promoting domestic mining of key materials necessary for semiconductor manufacturing.

16. How does SEMICON India 2024 align with the Make in India initiative?

SEMICON India 2024 is closely aligned with the Make in India initiative, promoting the development of domestic semiconductor manufacturing to reduce reliance on imports and boost exports.

17. What incentives are offered for semiconductor manufacturing in India?

The Indian government is offering up to 50% support for semiconductor manufacturing projects, along with additional state-level incentives to attract global players.

18. How is India addressing the global semiconductor talent shortage?

India is working to address the global talent shortage by developing specialized programs in universities, creating a strong workforce of engineers and technicians trained in semiconductor technology.

19. What role do Indian IITs play in the semiconductor mission?

Indian IITs are playing a crucial role by partnering with the government to design curricula and conduct research focused on the development of next-generation semiconductors.

20. How is the SEMICON India 2024 event impacting the semiconductor industry?

SEMICON India 2024 is providing a platform for industry leaders, policy makers, and academics to collaborate, ensuring that India emerges as a major player in the global semiconductor landscape.