India has taken an important step in the semiconductor sector. Union Electronics and IT Minister Ashwini Vaishnav said that US company Lam Research is going to invest more than Rs 10,000 crore in India. He informed about this through a tweet on his social media platform X. This can give a big blow to China’s semiconductor industry. This move of India can make the country a strong player in the semiconductor industry.
India can make it a strong player
China has a very large share in semiconductor production. If there is an increase with this investment in India. It can be a challenge for China. In 1990, the US had a 37 percent share in semiconductor production. At the same time, in 2020, China’s share had increased to 15 percent. By the year 2025, China’s semiconductor production can reach 24 percent. This investment can make India a big player in the field of semiconductor production.
Setback to China’s semiconductor industry
This investment is being seen as a move to advance Prime Minister Narendra Modi’s semiconductor vision. The Government of India has kept a budget of about Rs 76,000 crore in the semiconductor sector. Under this, subsidy for 5 semiconductor units has been approved recently. This will prove to be a big boon for India’s semiconductor industry. This can give a big setback to China’s semiconductor industry.
Semiconductor production up to 24 percent
Semiconductor works as a powerful engine for artificial intelligence. If you need any information, then in such a situation, the semiconductor can process this information quickly. AI is completely dependent on semiconductors because it processes fast data. Also stores it. In 2020, China’s share increased to 15 percent. By 2025, China’s semiconductor production could reach 24 percent.
