‘India will turn into hub for chip making’

New Delhi: 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.

In an interview, the Minister for IT and Electronics said he is of the firm belief that practically every big player would now like to reconsider their investment plans and come to India, given the carefully-crafted policies here. India will build on its design capabilities, where the country already has inherent and proven mettle and, notably, nearly one-third of the global talent.

That piece alongside the proposed fab (chip fabrication plant) and the 3 ATMP (assembly and test) units in India now brings together the key elements of semiconductor value chain, effectively.