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The government is close to approving a proposal by Micron Technology to set up an assembly, testing, marking and packaging (ATMP) facility in the country involving an investment of about $1 billion. The world's fifth largest semiconductor company, based in Idaho, USA, will use the facility to process some of its own wafers, manufactured across the globe.
The advisory committee shall meet at least once in three months to provide key inputs to develop a sustainable semiconductor and display ecosystem in India.
The government has come up with a Rs 76,000-crore package for semiconductor and display manufacturing, which is likely to reduce the country's dependence on imports in the future.
Chandrasekhar further added that India is essentially investing government capital in creating skills talent, from research and design engineering side to the factory, testing, and packaging workforce side.
Govt to complete evaluation, sign deals with companies under semiconductor scheme: IT Minister