HomeNewsMeity Aims 2024 for First Semiconductor Fabrication Unit

Meity Aims 2024 for First Semiconductor Fabrication Unit

The Ministry of Electronics and Information Technology (MeitY) is likely to target 2024 for the formal opening of the country’s first semiconductor fabrication unit, senior government officials said.

The ministry plans to approve the application of at least one big global semiconductor fabrication company before March 31 and give the winning bidder 700-750 days to complete the construction of the new unit.

An official said apart from the main factory unit, a plan for on-site housing of all employees may also be approved.

“We have actively engaged with all the leading companies over the last two months. We reached out to Apple and other big companies such as Samsung to understand how they operate their mega-factories across the world. We will be bringing those learnings to India,” one of the officials said, asking not to be named.

ELE Times News
ELE Times Newshttps://www.eletimes.ai/
ELE Times provides extensive global coverage of Electronics, Technology, and the Market. In addition to providing in-depth articles, ELE Times attracts the industry’s largest, qualified, and highly engaged audiences, who appreciate our timely, relevant content and popular formats. ELE Times helps you build experience, drive traffic, communicate your contributions to the right audience, generate leads, and market your products favorably.

Related News

Must Read

Renesas Introduces Smallest GreenPAK Configurable Mixed-Signal IC with Multi-Time Programmability

Renesas Electronics Corporation on 24th September, 2026, announced the...

Electronica India and Productronica India 2026 Conclude in Bengaluru with 793 Exhibitors and 52,411 Business Visitors

From discovering new component vendors and evaluating production equipment...

Tata Electronics Signs Seven MoUs to Strengthen India’s Semiconductor Value Chain

​To strengthen India’s semiconductor manufacturing ecosystem across different stages...

Interview | Hitesh Garg, Vice President & India Managing Director, NXP Semiconductors

“India presents a significant opportunity to develop globally competitive...

India’s Chips to Go Global as ISM 2.0 Targets 200 Chip-Design Companies

​Semicon 2.0 is the next phase of India Semiconductor...

Uttar Pradesh Attracts Rs 43,000 Crore Investment in Electronics and Semiconductor Sector

Uttar Pradesh Government has attracted more than Rs 43,000...

The 5G Radio Fog: Why Traditional Spectrum Analysers Miss Modern RF Interference

By Meryem Berrada, Product Marketing Engineer, Keysight Technologies Modern 5G...

STMicroelectronics Introduces 1.1 MP Automotive Image Sensor for Affordable In-Cabin Sensing

STMicroelectronics, a global semiconductor leader serving customers across the...