India will not replace China’s electronics and semiconductor market, but it will be an additional growth.
To fulfill Prime Minister Narendra Modi’s mission of turning India into the world’s leading semiconductor manufacturing hub, Japan’s electronics and chip firm Tokyo Electron is aiming to set up a strong and skilled team of engineers who will also impart training to the Indian workers. Claimed to be one of the largest chip equipment makers, the company even plans to employ Indian engineers and train them thoroughly by 2026.
Reports claim that the engineers’ first assignment will be to provide technical help to Tata Electronics. A week ago, Tokyo Electron told the media that they had mutually agreed to provide chip equipment at a reasonable price apart from providing technical skills. In association with Taiwan’s Powerchip Semiconductor Manufacturing Corporation (PSMC), Tata is setting up the nation’s first semiconductor fabrication facility in Gujarat at an investment of Rs 91,000 Crore. Besides, Tata is also beginning another assembly testing marking and packaging (ATMP) unit in Assam at an investment of Rs 27,000 Crore.
Tokya Electron’s Chief Executive Officer (CEO), Toshiki Kawai, added that robotics will play a crucial role in their training services, and local employees will get assistance in person and remotely from Japan. Tata told the media that their production will be full-scale by 2026, and their partnership with TEL will act as a significant player in meeting the targets.
Randhir Thakur, managing director and CEO of Tata Electronics, stated that Tata’s aim is to offer top-notch integrated solutions throughout the value chain for domestic and global markets. Tata, with a vision of becoming the leader in the global electronics value chain, believes that TEL is the right partner as it has the experience of helping build a solid ecosystem and will support commencing the fab and the ATMP unit on time.
TEL is looking forward to targeting 10,000 people over the next five years. The company provides semiconductor gear to TSMC, Samsung, SK Hynix, and Intel Corp. It believes that the growing demand for artificial intelligence, autonomous cars, quantum computing, and green vehicles will augment the demand for chips to double by the end of 2030.