India's semiconductor push: What to expect from SEMICON 2024 conference
Prime Minister Narendra Modi is set to inaugurate the SEMICON India 2024 conference today at around 10:30 am. The three-day event, taking place at the India Expo Mart in Greater Noida, Uttar Pradesh, will highlight India's strategy and policy for becoming a global hub for semiconductors. The conference is expected to attract top leaders from global semiconductor giants and experts in the field.
SEMICON India 2024: A platform for global semiconductor leaders
The SEMICON India 2024 conference will feature over 250 exhibitors and 150 speakers, providing a platform for global leaders, companies, and experts in the semiconductor industry to connect. The event aims to promote dialogue and collaboration among these key players. It is part of India's broader strategy to enhance its semiconductor output and achieve self-reliance in this critical sector.
Exhibition will be open daily from 10 to 6
The three-day exhibition will be open daily from 10 am to 6 pm. Entry is free with prior registration. Here are the key sessions for today: Smart Manufacturing: Building India's AI-Driven autonomous factory of the future from 1:30 pm to 2:55 pm. Workshop on development of indigenous wireless module from 2:30 pm to 4:30 pm. Keynote presentations on creating a vibrant semiconductor ecosystem in India from 2:30 pm to 5:30 pm.
India's efforts toward self-reliance in semiconductor manufacturing
In December 2021, India launched the Indian Semiconductor Mission (ISM) and announced a ₹76,000 crore chip incentive scheme. The government also offered a 50% subsidy on capital expenditure for setting up plants. This initiative has attracted several tech giants including Micron, Tata-PSMC, CG Power, and Kaynes to establish chip units in the country. These measures underscore India's commitment to becoming self-sufficient in semiconductor production.
PM Modi's roundtable with semiconductor executives
On Tuesday, PM Modi hosted a roundtable discussion with executives from the semiconductor industry at his residence. The meeting included representatives from SEMI, Micron, NXP, PSMC, IMEC, Renesas and other global giants. Academics from Stanford University, University of California San Diego and IIT Bhubaneswar were also present at this significant gathering.
Global semiconductor CEOs praise PM Modi's leadership
Several CEOs from the semiconductor industry expressed their admiration for PM Modi's leadership. Ajit Manocha, CEO of SEMI, lauded his exceptional leadership that "has inspired not just India but the entire world." Kurt Sievers, CEO of NXP, commended PM Modi for his deep expertise in the semiconductor industry. Bob Pragada, CEO of Jacobs, and Luc Van Den Hove, CEO IMEC also praised PM Modi's efforts to position India as a global leader in semiconductors.
