![MeitY recommends govt to set up $2.5 billion semiconductor research centre MeitY recommends govt to set up $2.5 billion semiconductor research centre](https://varindia.com/public/storage/news/uploads/2018/02/6537b2d288bcc.jpg)
A committee under the Ministry of Electronics and Information Technology has recommended the government to set up the India Semiconductor Research Centre at a cost of $2.5-3 billion. The government envisions ISRC as a world-class research institution focusing on semiconductor processes, advanced packaging, compound semiconductors and Fabless design and EDA tools.
The proposed semiconductor research center would focus on developing advanced semiconductor technologies, including chip design, fabrication, and packaging. It would also aim to foster collaboration between academia, industry, and government to accelerate innovation in the semiconductor sector.
The government envisions ISRC as a world-class research institution focusing on semiconductor processes, advanced packaging, compound semiconductors and Fabless design and EDA tools. The Semiconductor Laboratory in Mohali will also be modernised to drive innovation while co-locating with the ISRC.
The establishment of a semiconductor research center is seen as a crucial step towards making India a global hub for semiconductor manufacturing. The government has already introduced several initiatives to attract semiconductor companies to set up manufacturing facilities in India.
The proposed semiconductor research center is expected to play a key role in developing the talent and expertise needed to support India's semiconductor manufacturing ambitions. It would also help to create a vibrant ecosystem for semiconductor research and innovation in the country.
The government's decision to set up a semiconductor research center is a welcome move that could have a significant impact on India's semiconductor industry. It is a clear indication of the government's commitment to making India a global leader in semiconductor manufacturing.
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