India and Thailand compete to get a spot on Asia's chip-making map

Asia's semiconductor manufacturing map, India and Thailand have entered a full-fledged battle for manufacturing investment in semiconductors. India has emerged as a rival option to China and the US in the chip competition and is also taking advantage of every chance to establish itself as a significant player in the supply chain.

On July 28, Prime Minister Narendra Modi spoke at the SemiconIndia 2023 business conference, highlighting the advantages his nation can provide the world semiconductor industry. "New opportunities will be generated as India continues on its road of transformation. Speaking at the opening session of 'SemiconIndia 2023' in Gandhinagar, Gujarat, Prime Minister Modi declared that India was becoming into a superb conductor for semiconductor investments.

In 2021, the Indian government approved the Modified Programme for Development of Semiconductors and Display Manufacturing with an outlay of Rs 76,000 crores, as per the statement issued by the It and Electronics Ministry. The programme aims to provide attractive incentive support to companies that are engaged in silicon semiconductor Fabs, Display Fabs, Compound Semiconductors/silicon photonics/sensors, semiconductor packaging and semiconductor design.

In a bid to make India the next chipmaker industry, the government approved the proposal of Micron Technology Inc. on June 14 for setting up a semiconductor unit with a capital investment of Rs. 22,516 crore. This manufacturing facility of Micron will manufacture DRAMs, Flash memories and Solid-State Devices, the statement added.