PM US Visit gave new opportunities to the Indian semiconductor sector
Indian Prime Minister Modi’s US visit make remarkable opportunities between the two countries. India and US government signed many contracts in defense, agriculture, and technology.
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The Union Minister of Electronics and IT Rajeev Chandrasekhar Said the new investment in the semiconductor sector will create new opportunities and also create several thousand indirect jobs in the overall supply chain.
PM Modi’s US Visit
Our PM Modi’s US visit is keenly watched from all over the world, during this visit many sectors can have new opportunities like defense, technology, health, and space corporation.
The electronic industry created over 10 lakh jobs in the last two years. And due to the updated technologies, the need for semiconductors is increased by each and every year.
New Semiconductor Announcement
US-based Micron Technology has announced a new assembly unit will be launched in Gujarat with a total investment of $2.75 billion USD. This can happen by PM Modi’s meeting with CEO Micron in Washington DC. Let’s see the important announcement for the Semiconductor sector.
- Micron Invest over $825 million in the next couple of years
- The US-based semiconductor company announced $400 million over four years.
- US supplier of wafer-fabrication equipment and related services to the semiconductor industry announced a training program in India for up to 60,000 high-tech engineers.
Top Semiconductor Companies In India
India is one of the leading semiconductor manufacturing countries in the world. And most of them are exporting to the rest of the countries. As well as India provides international standards for the making of semiconductors.
Also Read: Best Semiconductor Stocks in India 2023
The Indian semiconductor market is expected to attain utp $8.48bn by 2023.
And India is the Hub of manufacturing semiconductors globally. Due to the lesser manufacturing cost and labor facility, many investors are interested to invest in Indian markets. Also, you can look into these semiconductor manufacturing companies for better returns in the future.
- HCL Technologies
- Vedanta Ltd
- Tata Elxsi
- ASM Technologies Limited
- Dixon Technologies