In recent news, Intel’s VP and MD of sales, marketing, and communications group, Prakash Mallya, stated that India’s entire electronics ecosystem in India and semiconductor manufacturing is a part of it. As the world is currently facing a semiconductor crisis, we see more countries spending vigorously on their R&D department.
Prakash Mallya stated that Intel is “deeply” committed to the market, investing over $7 billion in the country towards design and R&D facilities.
“It is going to be a journey. Several components need to come together for the entire ecosystem, and semiconductor is just one part of it. And from an Intel point of view, I would say when you look at our design and R&D facility in the country; we are deeply committed to the market. We have over $7 billion invested, and you look at that span of expertise is relevant to every segment.”
intel believes that the most important factor for the growth of the semiconductor ecosystem is engineering and design expertise. “And, we do that today. And the other part of it would be as the ecosystem evolves, our response towards that would also progress right,” said Mallya. As we know, the Indian government is planning on incentive support of $1 billion per company for semiconductor manufacturing companies who plan to set up a fab in the country.
It is reported that the government has planned the incentives to attract major manufacturing companies to set up fabs in the country. It also plans to attract 2-3 large investments worth a cumulative Rs 70,000 to 80,000 crore for setting up speciality fab units in India.
Intel is working its best with an ambition to increase its foothold in the semiconductor market. Its CEO Pat Gelsinger said that the company is also pledging $20 billion to expand manufacturing in the US. Its also in talks to acquire semiconductor company GlobalFoundries for a deal that could be valued at $30 billion.
“…we made a $20 billion commitment from everything we see from a supply point of view. Right now, the existing facilities and what we have planned for will take care of it. And we are again deeply committed to India towards supporting the growth and build-out of the ecosystem. As you build out that ecosystem over some time, you build more expertise; that’s how you get to an ecosystem that is thriving and can do more. Right. That’s how I see the journey to be.”