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Union Minister Rajeev Chandrasekhar opens up on how India is pushing ahead with its semiconductor policy - Issue Date: Mar 31, 2024
This plant is proposed to be developed as a pure-play foundry that rolls out semiconductor wafers for a number of industries, including high-performance computing, display drivers and microcontrollers (MCU).
The stock has been on the rise since the beginning of February following reports that the government has received nine bids from companies including Tata Group and Tower Semiconductor for the overhaul of its Semiconductor Laboratory (SCL) in Mohali.
But if theres one thing that has come to the fore this week, it's compliance and governance issues at startups. When companies are in the nascent stage they can get lax on setting up internal controls, but once you scale it becomes a different proposition altogether.
Nine companies including Tata and Texas Instruments are competing for a USD 1 billion contract to modernise a 180nm chip manufacturing plant in India.