Government Evaluates 25 Startups for Semiconductor Design Subsidy Scheme: Rajeev Chandrasekhar

Government's Support to Semiconductor Startups

Minister Rajeev Chandrasekhar announces that the Ministry of Electronics and Information Technology is actively assessing 25 startups for eligibility to receive financial support under the semiconductor design subsidy scheme.

The government has already extended financial incentives to five startups in the semiconductor domain. The scheme is designed to encourage the growth and development of the semiconductor industry in India and foster an ecosystem that can compete with established players in the global market.

SemiconIndia Conference - A Platform for Advancements

The annual SemiconIndia conference, scheduled in Gandhinagar, Gujarat, becomes a focal point for discussions on semiconductor technology advancements and India's aspirations to emerge as a thriving semiconductor manufacturing hub. Renowned industry players like Foxconn, Micron, and AMD are set to participate in the conference, indicating the significance of India's efforts to establish a strong semiconductor ecosystem.

Design-Linked Incentive Scheme Empowering Startups

The financial support provided to startups will be facilitated through the Design-Linked Incentive Scheme introduced by the Ministry of Electronics and Information Technology in 2021.

This scheme aims to extend financial incentives and design infrastructure support to domestic companies, startups, and MSMEs across various stages of semiconductor design for integrated circuits, chipsets, system-on-chips, systems & IP cores, and semiconductor-linked designs.

The incentives will be provided over a period of five years to drive innovation and development in the semiconductor sector.

Government's Commitment to Electronics Ancillary Industries

Addressing the development of electronics ancillary industries, Minister Chandrasekhar asserts that the government has a robust policy framework in place to create a vibrant component ecosystem.

If necessary, the government is ready to intervene and introduce more schemes, similar to the Production Linked Incentive (PLI) scheme, to further support the growth of electronics ancillary industries in the country.

This commitment reflects the government's dedication to fostering a self-reliant and competitive electronics manufacturing sector.

Conclusion:

The Indian government's evaluation of 25 startups for the semiconductor design subsidy scheme demonstrates its commitment to promoting innovation and growth in the semiconductor industry.

With financial incentives and design infrastructure support under the Design-Linked Incentive Scheme, startups and companies in the semiconductor domain are poised to flourish.

The SemiconIndia conference serves as a crucial platform for advancing discussions on semiconductor technology, while major industry players' participation underscores India's ambition to establish a thriving semiconductor manufacturing hub.

The government's determination to support electronics ancillary industries further reaffirms its vision of a self-reliant and globally competitive electronics sector.