Updated January 7th, 2024 at 16:55 IST
Semiconductor cos globally preferring India to set up facilities: Chip War author
Chris Miller, who also a professor of international history at Tufts University, said more Indians are working on chip design in India.
Chips coming to India: Many multinational firms prefer setting up offices for semiconductors in India, owing to the intense work force working on chip design in the country, Tufts University lecturer and ‘Chip War’ author Chris Miller has said.
Speaking at the Tamil Nadu Global Investors Meet 2024, Miller also said more people in India are working on semiconductor design in contrast to rest of the world.
“There are more people working on chip design in India, as compared to the rest of the world. Owing to the intense work force, many multinational firms prefer setting up offices in the country. Hence, it is not a surprise that Qualcomm has chosen to set up a facility in Tamil Nadu,” Miller said during the Fireside Chat on Semiconductors: The ‘Value Chain’ imperative for building leadership as part of the two-day summit.
Qualcomm today announced a Rs 177-crore investment to set up a facility in Chennai, which will also create 1600 jobs for skilled workforce.
This makes the American semiconductor maker the second company to invest in semiconductor production in the country, after Micron announced a facility in Gujarat ahead of the Semicon India Summit in July last year.
The total cost of the plant comprises $825 million (around Rs 6,760 crore) from Micron and the rest from the government in two phases, the company said.
Vedanta and Foxconn were set to launch a joint venture (JV) in Gujarat for semiconductors, which was called off last year. The Taiwanese player Foxconn, which also manufactures for Apple's iPhone had during the Gandhinagar Semicon India summit, committed to future investments and exploring more partners in the country for chipmaking, PTI reported.
The Tamil Nadu Global Investors Summit was first organised in 2015, following a second one in 2019. The present edition is from January 7 to 8 this year.
Several companies, including Indian companies Reliance and Tata’s electronics arm, as well as Vietnamese EV maker VinFast has announced investment in the state as part of the summit.
Published January 7th, 2024 at 16:55 IST