First Made-in-India Chip by December 2024

New Delhi: First Made-in-India chips are expected to be produced by December 2024, informed Union Minister for Communications and IT Ashwini Vaishnaw.

“First Made-in-India chip will be out by December 2024,” Vaishnaw said while briefing media following a joint statement issued by US President Joe Biden and Prime Minister Narendra Modi in the US.

According to Vaishnaw, in the next one year, 4-5 semiconductor plants are expected to be set up in India.

The Micron semiconductor plant planned to be set up in Gujarat is ahead in the process. Its land allocation, factory design work, and tax compliance related agreement is complete. Micron is expected to produce its first Made-in-India chip in about six quarters from now.

Micron will invest USD 2.75 billion (around Rs 22,540 crore) to set up its semiconductor assembly and test plant in Gujarat. Construction of the plant is expected to begin in 2023. The total cost of the plant comprises USD 825 million from Micron and the rest from the government in two phases.

This semiconductor plant will generate 5,000 new direct jobs and 15,000 community jobs over the next several years.