PM Modi Gujarat Visit: Prime Minister Narendra Modi stated on Friday that his administration has put out the red carpet for the semiconductor industry and that technology companies will receive 50% financial help for establishing semiconductor manufacturing facilities in the nation. Speaking after opening the Semicon India 2023 conference in Gandhinagar, Modi asserted that India is creating a complete ecosystem to support the expansion of the semiconductor sector there. AMD declared at the beginning of the ongoing Semicon India 2023 event in Gandhinagar’s Mahatma Mandir that it will invest 400 million US dollars in India in the coming days. An American semiconductor business with the name of AMD. AMD has announced a $400 million investment in India’s semiconductor industry. The AMD company will concentrate on R&D in India. Mark Papermaster, a representative of AMD and its chief technical officer, disclosed this significant investment. Watch Video Here.
India’s Journey Towards Becoming a Key Chip Provider
In his remarks, Prime Minister Modi noted that the modern world need a dependable chip provider. The world is becoming more confident in India. The confidence of investors in India is rising. Business trusts India. In India, technology is developing quickly. India enjoys the support of the semiconductor industry. India is fully conscious of its obligation to the world. Chief Minister Bhupendra Patel stated in the Semicon India 2023 programme that after many years of efforts by PM Modi, a significant advancement has been made in the semi-conductor field. The biggest corporation in the world, Micron, will begin manufacturing there. Gujarat will host the nation’s first business to begin producing semi conductors. Making India a major player in the semiconductor industry is PM Modi’s objective. The semi-conductor industry will be centred in Gujarat thanks to a strategy adopted by the Gujarati government. Since its inception in 2003, the Narendrabhai Modi Vibrant Summit has been taking place annually.
PM Modi Inaugurates Semicon India 2023
Semicon India 2023 was opened by the prime minister. At the inauguration ceremony, Bhupendra Patel, the chief minister, was also present. There was a Micron Techno, Applied Materials Company representative in attendance. There were representatives from many companies, including Foxconn, SEMI Company, Cadence, and AMD.
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