Indian semiconductor ecosystem: News, Updates & Discussions.

RISING SUN

Senior member
Dec 3, 2017
17,611
7,414

Cisco to Manufacture in India as it Targets over $1 Billion in Combined Exports and Domestic Production​

News Summary
  • Cisco is making a significant investment in manufacturing capabilities in India.
  • New manufacturing operation to support the growing demand from customers in India as well as globally and to further strengthen and diversify Cisco’s supply chain.
  • Cisco aims to drive over $1 billion in combined exports and domestic production over the next few years.
NEW DELHI, May 10, 2023 – Cisco, a global technology leader, announced today that it will start manufacturing in India, a major step in the expansion of its footprint in the country. This move is a part of Cisco's strategy to create an even more diverse and resilient global supply chain and support India’s vision of becoming a global manufacturing hub. With this latest investment, Cisco will cater to the growing demand from customers in India and aims to drive more than $1 billion in combined domestic production and exports in the coming years.

The creation of a new manufacturing operation was announced by Cisco Chair and CEO Chuck Robbins in New Delhi, following a meeting with Prime Minister Narendra Modi, and a series of strategic engagements with Dr.S. Jaishankar, External Affairs Minister, Rajeev Chandrasekhar, Union Minister of State for Entrepreneurship, Skill Development, Electronics & Technology, B.V.R. Subrahmanyam, CEO of NITI Aayog, and K. Rajaraman, Telecom Secretary.

"Today, we are announcing strategic investments in Indian manufacturing capabilities as the next step in delivering cutting-edge technologies to our customers in India and across the globe," said Chuck Robbins, chair and CEO of Cisco. "Fueled by a rapidly developing digital economy, India is a focal point of innovation and business for Cisco, and we remain deeply committed to our partnerships here.”

As organizations in India and across the globe fast-track their digitization, their technology needs are growing and evolving rapidly. The manufacturing facility will build Cisco’s best-in-class technology, designed to provide flexible, cost-effective delivery of next-generation services and applications and support complex cloud computing environments. The products can meet companies’ dynamic demands as they strive to foster agility in an increasingly hybrid, digital-first world.

Cisco is now building core manufacturing capabilities in India, including testing, development and logistics, and expanding in-house repair operations. In addition to supporting supply chain resiliency, reducing lead times, and elevating customer experience, this will add further impetus to the local economy.

“India is of strategic importance for Cisco, and we continue to bet on India. Today's announcement marks a significant milestone to power the next phase of growth for Cisco. This investment will enable us to bring state-of-the-art technologies to more people and businesses and help accelerate India’s transition into a leading digital economy,” said Daisy Chittilapilly, President, Cisco India & SAARC.

India is a key market for Cisco and its second largest R&D center outside the US. Since commencing operations in India in 1995, Cisco has focused on helping the country digitize at scale and speed, including accelerating the transformation of critical sectors like transport, agriculture, including through the Country Digitization Acceleration program, and building a skilled workforce through the Cisco Networking Academy program.

 

kharabela

Well-Known member
Jan 2, 2023
878
675
india
  • Like
Reactions: Bali78 and Ironhide

kharabela

Well-Known member
Jan 2, 2023
878
675
india
The Indian cabinet has given its approval to Micron Technology's plan to invest $2.7 billion in setting up a semiconductor testing and packaging unit in Gujarat .



In addition, US Applied Materials announced the new semiconductor centre for commercialisation and innovation in India and Lamb Research, another semiconductor manufacturing equipment company is going to announce a training programme for 60,000 Indian engineers through its semi-verse solution to accelerate India's semiconductor workforce development goals.
On critical minerals and mineral security, the United States will announce its support for India becoming a member of the Mineral Security Partnership which is led by the US State Department and strengthens critical minerals supply chain to ensures that respective markets are well supplied with essential critical minerals that are needed for climate, economic and strategic technology goals



 

kharabela

Well-Known member
Jan 2, 2023
878
675
india
Came across a semiconductor investment news by sram mram in Ganjam district Odisha in regional newspaper . The representative of company met the district administration . The project is supposed to begin within 2/3 years . 1st phase investment of 30,000 crore . There is no mention what kind of semiconductor unit its going to be anywhere . Neither there is much information in old english news articles .

IMG_20230701_101514_099.jpg
 

kharabela

Well-Known member
Jan 2, 2023
878
675
india
Came across a semiconductor investment news by sram mram in Ganjam district Odisha in regional newspaper . The representative of company met the district administration . The project is supposed to begin within 2/3 years . 1st phase investment of 30,000 crore . There is no mention what kind of semiconductor unit its going to be anywhere . Neither there is much information in old english news articles .

View attachment 28703

News regarding above came out in ET few hrs back

 

kharabela

Well-Known member
Jan 2, 2023
878
675
india
USA based Semiconductor firm Microchip to invest $ 300 Mn to expand its operations in India & will focus on its R&D facilities at Chennai, Hyderabad & Bengaluru .

 

kharabela

Well-Known member
Jan 2, 2023
878
675
india
Odisha has lunched a semiconductor policy . Odisha Semiconductor Policy focuses on all aspects of the scheme - semiconductor manufacturing, packaging and testing and fabless aka design and R&D.

'1st state' to offer DLI incentives for the Fabless companies in addition to government of India’s Incentives under the future Design scheme, . There ll be 25 per cent incentives for Silicon, Compound, Display & ATMP, which brings out the total incentive for companies setting fabs in Odisha to 75 per cent. This means the total cost of the project they propose will be just 25 per cent.

only state to have come up with incentives for the fabless product or IP companies. It is offering 20 per cent incentives for Fabless product/IP companies, bringing it to a total of 70 per cent, including 50 per cent by the government of India,

also intends to offer support for 25 undergrad and 25 postgraduate institutes for R&D and capacity building