In a transfer that aligns with Prime Minister Narendra Modi’s post-COVID-19 localization precedence, Qualcomm (NASDAQ:) Inc., a number one US semiconductor producer, is partnering with Indian conglomerate Tata Sons to enter the semiconductor packaging manufacturing sector. The announcement was made by Qualcomm’s CFO, Akash Palkhiwala, on the Snapdragon Summit 2023.

Tata Sons is ready to ascertain a semiconductor facility beneath India’s Rs 76,000-crore (Rs 1 crore = $120,127) incentive program. This initiative, launched in 2021, goals to bolster the nation’s semiconductor and show manufacturing ecosystem.

As a part of this collaboration, Qualcomm is ready to supply chips from native fabs ought to suppliers set up bases in India. The firm additionally helps Indian startups by way of its funding arm Qualcomm Ventures and its Qualcomm Design in India Challenge (QDIC) program.

Simultaneously, Micron Technology (NASDAQ:) is developing an outsourced semiconductor meeting facility in Gujarat, additional strengthening India’s place within the international chipset provide chain.

Additionally, the Qualcomm Mentorship Program, run collectively with the Ministry of Electronics and IT (MeitY), is aimed toward enhancing development in India’s semiconductor sector. This partnership between Tata Sons and Qualcomm guarantees to carry vital funding and experience to India, opening up new development avenues.

Palkhiwala predicts a speedy enlargement of India’s semiconductor ecosystem as these initiatives take form.

This article was generated with the assist of AI and reviewed by an editor. For extra info see our T&C.