Qualcomm’s big plans catch Gautam Adani’s attention – ET Auto

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In an X post, Adani underlined his admiration for Qualcomm’s vision for semiconductors, AI, mobility, and edge appliances, across various markets, including India.

Chip giant Qualcomm‘s vision and plans in the domains of semiconductors, AI and other emerging techs have caught the attention of Indian business magnate Gautam Adani.

The Adani Group chief shared details of his meeting with Qualcomm CEO Cristiano R Amon on social media on March 11, saying that he is enthused by the chip giant’s work.

The multinational corporation is known for its expertise in designing and manufacturing semiconductors and wireless telecommunications products. In an X post, Adani underlined his admiration for Qualcomm’s vision for semiconductors, AI, mobility, and edge appliances, across various markets, including India.

It may be noted that the semiconductor industry in India is still in its early stages, but both local and multinational companies are eager to tap into its immense potential. Under a 2023 agreement, American chip maker Micron is constructing a state-of-the-art semiconductor fabrication plant in Sanand, Gujarat. This plant is the first of its kind in India and marks a major milestone for the country’s semiconductor ecosystem.

Union Information and Technology Minister Ashwini Vaishnaw recently said that nearly 5,000 people are currently involved in the construction of the Micron plant in Sanand, Gujarat. The plant is expected to become operational by late 2024. Micron Technology is making a significant investment of USD 2.5 billion (approximately INR 22,500 crore) to establish an assembly, test, marking, and packaging (ATMP) facility in Sanand GIDC-II. Located in a highly industrialized zone, Sanand GIDC is home to a large number of national and multinational manufacturing industries.

The establishment of the chip plant in Sanand is a significant step for India as it will not only boost the domestic semiconductor ecosystem but also attract other industries related to raw materials and finished products in this sector.

The Cabinet recently approved the establishment of three additional semiconductor units. These units will be set up within the next 100 days — two of them in Gujarat and one in Assam. This move is part of the larger “Development of Semiconductors and Display Manufacturing Ecosystems in India” program, which was announced in December 2021 with a total budget of INR 76,000 crore.

  • Published On Mar 11, 2024 at 12:59 PM IST

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