[ad_1]
Union Minister of State Rajeev Chandrasekhar is a busy man. During the last ten days, Indian heads of a number of the main expertise firms have met the minister. Proper from Arundhati Bhattacharya, Chairperson and CEO, Salesforce India, to Som Satsangi, VP and Managing Director, Hewlett Packard Enterprise, India, to Vishal Dhupar, Managing Director, Asia South at NVIDIA.
However there’s one assembly that may very well be crucial for India’s semiconductor dream—the assembly with Russell C. Ellwanger, CEO, Tower Semiconductors. Additionally current was Naor Gilon, Israel’s Ambassador to India. In line with Chandrasekhar, the 2 mentioned the India-Tower partnership in semiconductors.
Final yr, Worldwide Semiconductor Consortium (ISMC), of which Tower Semiconductor is a component, had utilized to be a part of the federal government of India’s semiconductor scheme. Nonetheless, on the time Intel proposed to accumulate Tower Semiconductor. Attributable to this growth, the choice on the consortium’s software was placed on maintain as the federal government wasn’t positive of Intel’s plan for letting Tower proceed with the consortium submit the acquisition was full. Even final yr, when Pat Gelsinger, CEO of Intel, had met Prime Minister Narendra Modi and MeitY Minister Ashwani Vaishnav, the corporate had instructed Enterprise At present that there have been no plans to arrange foundry in Indian anytime quickly.
However with Intel – Tower Semiconductor deal off, the Ministry of Electronics and IT was as soon as once more in contact with Tower Semiconductors as per sources. And this assembly between Tower Semiconductor CEO and Minister Rajeev Chandrasekhar would possibly end in some excellent news quickly as in line with the minister, after Micron, India has already obtained two fabs and three ATMP proposals, that are below analysis.
However why Tower Semiconductor?
Tower Semiconductor is an Israel-based main foundry of excessive worth analog semiconductor options. It specialises in manufacturing analog built-in circuits for greater than 300 clients worldwide in rising markets akin to automotive, medical, industrial, shopper, aerospace, and defence, amongst others. It was ranked seventh in international foundry income with $356 million as per TrendForce Q1-Q3 knowledge, and its annual income is more likely to be nicely over $1 billion.
Tower is likely one of the foundries that has again and again provided to assist India construct its semiconductor ecosystem. Even in 2013-14, Tower Semiconductor was part of consortium led by Jaypee Group the place it could have been a expertise companion together with IBM. The corporate as soon as once more provided to be a expertise companion and this time with Worldwide Semiconductor Consortium (ISMC) which had submitted in February 2022 an software below India’s Rs 76,000 crore semiconductor incentive scheme for a 65nm expertise node analog fab.
The way in which forward:
In line with business specialists, Tower Semiconductor isn’t in a monetary place to arrange a foundry by itself. However it may very nicely turn into a expertise companion for one of many Indian conglomerates who’re aiming to enterprise into the semiconductor house.
One other risk is of an Indian conglomerate buying Tower Semiconductor to increase into the chip manufacturing enterprise. Main enterprise homes in India – Tata Group, Hiranandani, and Vedanta are actively working on this house and interacting with international chip gamers. Even Reliance is believed to get into the chip race. Final yr, the corporate was anticipated to accumulate stake in every of the ISMC Analog fab applicant.
Regardless of the growth could also be, with Tower Semiconductor’s help ( be it in type of expertise switch to an Indian participant), India would possibly lastly be on the verge of approving software for its first fab.
Additionally Learn: IBM, MeitY sign MoUs to advance innovation in AI, semiconductor and quantum innovation in India
Additionally Learn: ‘Should have good success in coming months’: IT Minister Ashwini Vaishnaw on India’s first semiconductor fab
[ad_2]
