Vedanta, a mining and metals conglomerate, is planning to roll out its first made-in-India chip in 2.5 years. The company has been in talks with several technology partners to set up a semiconductor fab in India. In February 2022, Vedanta had announced a joint venture with Foxconn to manufacture chips and display panels in India. However, the partnership was terminated in May 2023.
Despite the setback, Vedanta is still committed to its plans to set up a semiconductor fab in India. The company has identified a new technology partner and is in the process of finalizing the investment details. The fab is expected to be located in Gujarat and will have a capacity of 28nm chips.
The production of the first made-in-India chip is a significant milestone for India’s semiconductor ecosystem. The country currently imports most of its semiconductor chips, and the government has been trying to attract investment in the sector. The production of made-in-India chips will help to reduce India’s dependence on imports and boost the domestic manufacturing sector.
The Vedanta fab is expected to create over 10,000 jobs in India. The company has also said that it will work with local universities and colleges to develop a skilled workforce for the semiconductor industry.
The production of made-in-India chips is a major step forward for India’s semiconductor ecosystem. The fab will help to reduce India’s dependence on imports, boost the domestic manufacturing sector, and create jobs. The project is also expected to attract more investment in the semiconductor sector in India.
Here are some of the benefits of Vedanta’s first made-in-India chip:
- Reduced dependence on imports: India currently imports most of its semiconductor chips. The production of made-in-India chips will help to reduce India’s dependence on imports and boost the domestic manufacturing sector.
- Boost to the economy: The Vedanta fab is expected to create over 10,000 jobs in India. The company has also said that it will work with local universities and colleges to develop a skilled workforce for the semiconductor industry. This will boost the Indian economy and help to create a more skilled workforce.
- Increased innovation: The production of made-in-India chips will help to increase innovation in India’s semiconductor sector. The fab will provide a platform for Indian companies to develop their own chip designs and technologies.
- Improved security: The production of made-in-India chips will help to improve India’s security. The fab will provide a secure supply of chips for critical applications, such as defense and telecommunications.
Overall, Vedanta’s first made-in-India chip is a major step forward for India’s semiconductor ecosystem. The fab will help to reduce India’s dependence on imports, boost the domestic manufacturing sector, create jobs, increase innovation, and improve security.
INDIA AFTER A LONG SLUMBER BY NOT KEEPING PACE WITH NEW ADVANCES IN ITS MONALI CHIP FACTORY,woke up not to depend for growing demand of domestic chip needs. Another is country security concerns linked to chips