'First Made In India Chip Will Be Out In December 2024': Union Minister Ashwini Vaishnaw

Union Electronics and IT Minister Ashwini Vaishnaw has said that first indigneously produced semiconductor chip will be out by December this year.

Vaishnaw credited Prime Minister Narendra Modi for developing a very strong semi-conductor industry in the country in a short span of time with focus on the entire ecosystem.

The minister said that the Prime Minister has always focussed on developing an ecosystem where there is a lot of focus on talent.

Also Read: Another Moral Policing Case In Karnataka: Seven Arrested For Assaulting Interfaith Couple In Haveri

“MoUs (Memoranda of Understanding) with 104 universities are already in place, their course curriculum are being revised, there is a lot of focus on design with a separate investment scheme," Vaishnaw said in an interview to the news agency PTI at the World Economic Forum (WEF) annual meeting in Davos.

"Many design companies have got the benefit and they are gradually coming up in the value chain. All of this is getting appreciated a lot by companies from the world over," he said.

He cited the example of Micron, saying that the US chipmaker's facility has moved ahead so fast.

"The agreement was signed in June 2023, while construction started in September 2023 and the first made-in-India chip will be out in December 2024," he said.

Vaishnaw further said that all manufacturing CEOs, investment bankers and semi-conductor business heads are acknowledging these factors at Davos and are saying that India has developed a very strong semiconductor industry.

Also Read: After Congress, Aam Aadmi Party Raises Concerns Over 'One Nation, One Election' Proposal