India’s government has revealed more details about its plans to become a major chip manufacturing hub .
The nation yesterday published a document [PDF] that reveals its government will cover up to 50 to per cent of the set-up cost for manufacturers looking to establish 28-nm or more advanced nodes, up to 40 per cent for 28-nm to 45-nm nodes and up to 30 per cent for 45-nm to 65-nm nodes.
India’s plan requires companies to establish 300-mm wafer factories, and to start work on at least 40,000 wafers per month. Companies need to show at a minimum competency to produce on the 28-nm process. The government will support companies for up to six years.
https://www.theregister.com/2021/12/22/india_details_semiconductor_subsidies/
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