Govt's Rs 76,000-cr plan to woo chip makers to create semiconductor ecosystem
Domestic fabless players to get support via design-linked incentive Economy & Policy : The Union Cabinet on Wednesday cleared a comprehensive Rs 76,000-crore ($10-billion) package to build a much-needed semiconductor ecosystem in the country. The incentives will be extended to a range of new units -- greenfield chip fab and display fab units, apart from compound semiconductor and ATMP (assembly, testing, marking, and packaging) facilities. The package also gives a fiscal push to the fledgling homegrown semiconductor product design companies (fabless players). And backing this effort is support to universities to train 85,000 engineers under the “chips to start-ups” programme. Semiconductor and display fab units under the scheme will be offered financial support of up to 50% of the project cost. This will be given to eligible players that have the technology, as well as the capacity to execute such high capital and resource incentive projects. The government is target...