However, for Assam, which has come out of nowhere to bag a crucial investment in chip-building, this is nothing less than a dream come true. The facility will create direct employment opportunities for at least 15,000 people and generate indirect employment for an estimated 11,000 to 16,000.

Publication: News 18

The company has applied for funding under the Commerce Department s $39 billion Chips and Science semiconductor subsidy program, and an environmental review is required if the project receives government funding, the agency said Micron plans to starting building next year, with two of the four planned 600,000square foot (56,000square meter) fabrication units open by 2029, according to the filing.

Publication: The Economic Times

Assam Chief Minister Himanta Biswa Sarma said the Rs 27,000crore semiconductor plant approved for the state by the Union Cabinet on Thursday will be a gamechanger for the economy of the entire North East region.

Publication: ET EnergyWorld

Ahead of Lok Sabha polls this year, the Union cabinet on Thursday cleared a host of key decisions, including rooftop solar scheme with an outlay of over Rs 75,000 crore, three semiconductor plants with an investment of Rs 1.26 lakh crore in the states of Gujarat and Assam and fertilisers subsidy of over Rs 24,000 crore to the farmers for the upcoming kharif season.

Publication: Deccan Chronicle

India now key semiconductor player, Rs 2.50 lakh crore investment proposals received: Minister India has made significant strides in the semiconductor sector in the last two years during which the government received investment proposals of Rs 2.50 lakh crore from global chip makers, Union minister Rajeev Chandrasekhar has said.

Publication: MoneyControl

Beijig’s draconian lockdowns had disrupted global chip supply and sent companies and governments on a hunt for alternative sources of production. India is offering itself as a democratic and trusted alternative tech hub to China.

Publication: CNBC TV-18

India has set its sights on becoming a formidable force in global semiconductor equation, rivalling known destinations like Taiwan and South Korea in next 5 years, Union Minister Ashwini Vaishnaw has said asserting that if and when mindset of global players has changed to an eagerness to invest in the country.

Publication: The Hindu

CG Power and Industrial Solutions Ltd, part of the Chennai based Murugappa Group, has roped in partners to jointly build an outsourced semiconductor assembly and test facility in India. CG Power, Renesas Electronics Corporation, a supplier of advanced semiconductor solutions, and Stars Microelectronics (Thailand) Public Co. Ltd, a Thailand-based outsourced semiconductor assembly and test (OSAT) provider, recently signed an agreement to establish a joint venture (JV) to build and operate an OSAT facility in India, CG Power said.

Publication: The Hindu BusinessLine

All artificial intelligence (AI) models, large-language models (LLMs), software using generative AI or any algorithms that are currently being tested, are in the beta stage of development or are unreliable in any form must seek “explicit permission of the government of India” before being deployed for users on the Indian internet, the government said.

Publication: The Economic Times

As per sources, most of the app developers have opted to operate on Consumption-only basis without paying any service fee. Under the consumption-only model, any developer could allow a user of their app to access content that they paid for outside the app.

Publication: The New Indian Express

Asked about the timelines when India would aim to be a formidable player rivalling known semiconductor destinations, the minister said “in the coming 5 years, definitely”. Last week, the Cabinet approved proposals to set up three semiconductor plants, including a mega fab by Tata Group, at a cumulative investment of Rs 1.26 lakh crore, as India moved to position itself as an international powerhouse in chip manufacturing.

Publication: The Pioneer

Presently, India has forged agreements with several global semiconductor manufacturing giants to establish manufacturing facilities in the country. With companies like Advanced Micro Devices (AMD), Micron, and Qualcomm making investments in India, alongside the emergence of more venture capital backed startups, the semiconductor industry in India is poised for further expansion.

Publication: Inc 42