Semiconductor announcements during Modi’s US visit to create up to 1 lakh direct jobs: MoS IT

The three key announcements within the semiconductor sector during Prime Minister Narendra Modi’s US visit will create a minimal 80,000 to 1 lakh direct jobs in India, Union Minister of State for Electronics and IT, Rajeev Chandrasekhar, stated on Friday.

Addressing a press convention right here, the Minister stated the investments within the semiconductor sector can even assist create a number of 1000’s oblique jobs within the total provide chain.

“The electronics business created 10-12 lakh jobs within the final two years alone. The newest announcements, like by Micron, to make reminiscence chips in India is a crucial milestone for us. I believe there can be at the very least 80,000 to 1 lakh new direct jobs being created with these initiatives,” Chandrasekhar stated.

US-based Micron Technology on Thursday introduced to set up a brand new $2.75 billion semiconductor meeting and take a look at facility in Gujarat, a day after Modi met Sanjay Mehrotra, the Indian-American President and CEO of Micron, in Washington D.C.

Micron’s funding can be up to $825 million over the 2 phases of the challenge and can create up to 5,000 new direct Micron jobs and 15,000 group jobs over the subsequent a number of years.

US-based semiconductor firm Applied Materials additionally introduced plans to construct a collaborative engineering centre in India with an funding of $400 million over 4 years.

Lam Research, a US provider of wafer-fabrication gear and associated companies to the semiconductor business, introduced a coaching programme in India for up to 60,000 high-tech engineers.

“This is only a starting as there may be extra to come as India quickly grows as a big and trusted associate to international electronics and semiconductor worth and provide chain,” Chandrasekhar stated.

In the final 18 months, after the announcement of semiconductor imaginative and prescient by Prime Minister Modiand the deliberate funding of Rs 76,000 crore to catalyse and construct India’s Semicon ecosystem, a lot progress has been made.

“The announcements during Prime Minister Modi’s US visit within the fields of semiconductors, AI, quantum and high-performance computing clearly sign that there can be quite a lot of alternatives for the youth in India’s ‘Techade’ to work together with US startups and analysis establishments at a worldwide scale and form the know-how of the longer term,” stated the minister.

(With inputs from IANS)