India reversing missed opportunities of last 75 years, China chip era slowing down: Minister

by IANS |

New Delhi, Feb 20 (IANS) India is reversing the missed opportunities of the last 75 years and when it comes to semiconductors, China’s momentum is slowing down as they are not viewed as a trusted partner in the future of tech, Union Minister of State for Electronics and IT, Rajeev Chandrasekhar, has stressed.

Touching upon India’s evolving global position in comparison to China at a Mumbai event, particularly in semiconductors, Chandrasekhar noted a significant shift in momentum.

“There is a trend today that, in terms of China, the momentum they had over the last decade in the areas of emerging and high tech, is slowing down and becoming blunter because of all the export control regimes being put against them,” he told the gathering at the 'Mumbai Tech Week'.

“They are certainly not viewed as a trusted partner in the future of tech. I can confidently say that India is reversing the missed opportunities of the past 75 years,” the minister added.

India now has two full-blown semiconductor fabrication plants, with $10 billion fab investments coming into the country after decades.

“We are also partnering with the best partners for technology for the future of semiconductors,” the minister said.

“Along with the design innovation ecosystem on semiconductors, which is going to design the next-generation chips and devices, we are also launching India Semiconductor Research Centre which is going to be a state-of-the-art research center where the world’s biggest semiconductor makers will research in India,” the Minister informed.

Last week, the minister announced that Assam will soon have its first-ever semiconductor packaging plant worth nearly Rs 25,000 crore built jointly by the state government and Tata Group.

In September last year, US-based Micron Technology started the construction of an Rs 22,500 crore facility in Sanand, Gujarat that will set a benchmark for India’s semiconductor journey.

Latest News
After 10-yr stint in BJP, Haryana's Jat leader Birender Singh rejoins Congress Tue, Apr 09, 2024, 02:50 PM
PM Modi to address first public rally for LS polls in MP's Maoist-hit Balaghat Tue, Apr 09, 2024, 12:52 PM
Why India is seeing a rising trend of diseases Tue, Apr 09, 2024, 12:40 PM
IPL 2024: 'Chennai Super Kings should be called Chepauk Super Kings', says Aakash Chopra Tue, Apr 09, 2024, 12:37 PM
Real Madrid request UEFA permission to play Manchester City under a closed roof: Report Tue, Apr 09, 2024, 12:36 PM
IPL 2024: Jonny Bairstow ready to put best foot forward' vs former side SRH Tue, Apr 09, 2024, 12:36 PM
Two killed in road accident in J&K's Udhampur Tue, Apr 09, 2024, 12:33 PM
MVA cracks seat-share formula, Uddhav Thackeray grabs maximum Tue, Apr 09, 2024, 12:31 PM
Toronto, other Canadian cities go dark as millions watch total solar eclipse Tue, Apr 09, 2024, 12:28 PM
MSCI India index rebalancing could see inclusion of 18 stocks with inflow of $2.7 bn Tue, Apr 09, 2024, 12:18 PM
South Korean Prez vows to be among top 3 nations in AI technology Tue, Apr 09, 2024, 12:10 PM
Mobile messenger KakaoTalk's users fall below 45 million for 1st time: Report Tue, Apr 09, 2024, 12:09 PM
X employees facing arrest in Brazil: Elon Musk Tue, Apr 09, 2024, 12:06 PM
Sectors like capital goods, auto lead Sensex to new high Tue, Apr 09, 2024, 12:04 PM
Egypt, Jordan, France urge immediate ceasefire in Gaza Tue, Apr 09, 2024, 12:03 PM