13 lines for Outsourcing Semiconductor Assembly and Testing (OSAT), one facility each for ATE and Reliability Testing laid the foundation for the industry. Research and development facility for silicon photonics for co-packaged optics at Cannes Semicon Mysore Rs. 83.28 crore will be invested. Parent company Cannes Technology is also investing Rs 750 crore in Mysore for a bare board printed circuit board plant. Mysore-based Cannes Technology has 3,500 employees. Annual income Rs. 1,665.71 crore disclosed by the CEO.
Semiconductor shortage has become severe after Corona. This has had a severe negative impact on the auto industry as well as on the electronics sector as well. With this, the Indian government decided to manufacture semi-conductors domestically. India’s ambitions to become a semiconductor hub are likely to get a significant boost in the coming months, according to IT Minister Ashwini Vaishnav. The government is reportedly offering a subsidy of $10 billion for the establishment of semiconductor manufacturing infrastructure. The Union Minister disclosed that special attention is being given to certain niche areas where global leadership can be taken. Telecom and electric vehicles have emerged as a major segment for semiconductors. If we focus on developing and manufacturing chips used in these segments, we can become Agragamina in the world.
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