Union Minister Rajeev Chandrasekhar made this announcement the day before the 3rd SemiconIndia Roadshow. The Prime Minister has allotted a budget of 1,200 crore to invest in Indian semiconductor design start-ups, and 27 domestic start-ups have already made the cut to benefit from the scheme.
The identities of four additional semiconductor start-ups will be disclosed at a roadshow that will take place tomorrow (May 12) at the Indian Institute of Technology in Delhi (IIT-Delhi). Previously, the Ministry of Electronics and Information Technology (MeitY) had already granted approval for funding to 23 semiconductor start-ups through its design-linked incentive scheme.
Already, there have been two earlier roadshows that took place in Gandhinagar and Bengaluru. As part of MeitY’s efforts to give the semiconductor design sector in India a boost, the organisation has conducted a series of these roadshows in various cities and towns across the nation.
The announcement that former Tesla and Apple microprocessor engineer Jim Keller is launching two semiconductor start-ups in Bengaluru was made by Chandrasekhar on May 11 at a technology policy conference held in Delhi. This is a sign that India’s efforts to become a key player in the global high-tech supply chain are bearing fruit.