India To Tight Reign Chinese Dependency Over Chip Manufacturing
Last updated on March 23rd, 2022 at 04:21 am
Indian Semiconductor Mission is at work, and so is the race for the chip fabricating industry. But what is to be kept in mind is not to get duped and sucked into promising plans and schemes offered by Chinese shell companies. India is on the road to self-sufficiency when it comes to setting up its own chip manufacturing facilities.
China has been promising huge and big partnerships. They are eyeing at setting up their shop here in India. The larger need is to keep things in our hands, instead. That would be the Atma Nirbhar plan really implemented well.
In June 2014, the State Council (People’s Republic of China’s highest executive agency) outlined the national integrated circuit industry development outline creating a national steering committee supervised by Liu He, (the chief economic adviser to Chinese Premier). This outline (termed the Big Fund) has the goal of establishing a world-leading semiconductor industry in all areas of the integrated circuit supply chain by 2030 and aims to attain 70 per cent self-sufficiency by 2025 (termed Made in China, MiC 2025).
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The plan restructured the financing and tax relief measures including state-linked equity investment funds at the national and regional levels. Under these initiatives, the northern neighbor bank-rolled and egged many provincial administrations (example, Wuhan, Jinan) to take a plunge into chip fabrication and many of them did. Now, they want to extend support to India.
The country needs to move ahead with caution. The government also recently announced the PLI and DLI schemes as major steps towards building a semiconductor ecosystem in the country. To develop a semiconductor chip, manufacturing companies must go through several different designing and manufacturing phases and procedures. Any glitch or lag can give competitors a leg up.
