Indian Cabinet Clears Semiconductor Mission 2.0 At A Time The World Faces Memory Chip Shortage
The Union Cabinet on Wednesday cleared ₹1.27 lakh crore for the second edition of India Semiconductor Mission. Union IT Minister Ashwini Vaishnaw said that the programme will focus on design, development and production of indigenous chips, saying that ‘We will be self-reliant in the production of indigenous chips by the end of this programme.’
The new scheme has come at an appropriate time, as the world reels from a memory chip shortage and companies work to boost production capacity. It expects to attract investment from other chip segments to meet chip requirements for artificial intelligence devices.
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#india #semiconductor #chips
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