Aligning with India’s Semiconductor Mission, Gujarat became the first state to introduce its semiconductor policy in 2022, with several companies from Japan, South Korea, and those based out of New Delhi and Bengaluru expressing interest in investing in the sector during events organised ahead of the upcoming Vibrant Gujarat Global Summit 2024, officials said.
As per a government release, the state’s semiconductor policy aims to play a significant role in the global realignment of supply chains in the strategic sector and raise India’s economic position.
Chip maker Micron Technology’s decision to set up a $2.75-billion plant at Sanand near Ahmedabad indicates that Gujarat’s dedicated semiconductor policy is bearing fruit and attracting global players, it said.