Chennai Stock：India's big move into the semiconductor market Modi Haoyan in 2030 sprint 500 billion US dollars

Zhitong Finance APP was informed that Indian Prime Minister Narendra Modi delivered a speech at a chip meeting in the suburbs of New Delhi, emphasizing the potential of India in the field of science and technology, and set up the output value of the electronics industry to $ 500 billion by 2030 by 2030Objective.At present, India's electronic market size is estimated to be about $ 155 billion.At the same time, the Modi government is actively attracting chip manufacturers to enter India, imitating Apple's approach to an iPhone worth $ 14 billion in India.

So far, the government has approved more than $ 15 billion in semiconductor investment.These include the first large chip factory built in India, as well as the assembly factories worth US $ 2.75 billion in USD Micron Technology (MU.US) planned to build in Gujarat.Israel's Tower Semiconductor LTD. is also seeking cooperation with billionaire GAUTAM Adani to build a $ 10 billion manufacturing plant in western India.Chennai Stock

In addition, Larsen & Toubro LTD. (L & T) plans to invest more than 300 million US dollars to create a chip company to join the ranks of other Indian enterprise groups to jointly build the semiconductor industry in the world in the world.This technology goes to the construction company to invest in funds to build a chip manufacturer of a wafer -free factories within three years. The company will design and sell semiconductors, but will outsourcing.Sanddip Kumar, the person in charge of the L & T semiconductor technology company, said that the company plans to design 15 products by the end of this year and plans to start sales in 2027.

Both global and local companies are seeking efforts to use India's construction of local semiconductor production capacity and reduce expensive imported products to obtain government subsidies.Although compared with Nvida (NVDA.US) and AMD (AMD.US), compared with the spending of chip manufacturers such as chip manufacturers, L & T investments are small, but the target of this Indian company is power chip and radio frequency semiconductor conductor, RF semiconductor conductionProducts such as hybrid signal integration circuits, instead of supporting AI graphics processing units and other fields.Pune Investment

Kumar said: "Automobile, industry and energy -These are the industries we choose because they are undergoing very important transformations. These industries have room for competition, success, and even occupying the market."The best opportunity to enter India, in India in the 21st century, opportunities will never fail. "

At present, semiconductors have become a key resource, especially in the context of the continuous expansion of geopolitical gaps, importers want to reduce dependence on overseas manufacturers.Many countries including the United States, Germany, Japan, and Singapore are actively investing to promote domestic chip manufacturing to ensure the supply of components required from artificial intelligence to electric vehicles.

During the same event, the chip industry executives from India and abroad also outlined their development plans in India.Kolt Sendez, CEO of NXP Semiconductor Corporation, said the Dutch chip manufacturer will invest more than $ 1 billion in India in the next few years to expand its research and development in the region.