2 weeks Ago
Applied Materials , which supplies to semiconductor units, could set up operations at Dholera and Sanand in Gujarat or Morigaon in Assam, where chip manufacturing facilities are coming, as the materials engineering solution provider aims to be close to its customer, senior company executives told ET. It added that it expects 'second level of growth' to happen as its customers begin putting up factories in India. So far, the government has approved incentives for five projects of which four are in Gujarat and one is in Assam.
For the semiconductor ecosystem in India to leapfrog, the company said having a strong supplier base, requisite infrastructure and lucrative incentives would be key. "We want to make sure our suppliers are close to where we are," Prabu Raja, president of the Semiconductor Products Group (SPG) at Applied Materials told ET on the sidelines of the Semicon India 2024 event. Suppliers need to be very close as it is all about speed.
.. (Then) the talent is here.
And also cost wise (India) is also very attractive right now. So it makes all more sense for the suppliers to come here right now." Raja added India should make the incentives more lucrative for the suppliers.
"Suppliers don't get 50% subsidy. The suppliers get a smaller number today. I think they (the government) also need to look at what are they (suppliers) getting in other countries.
I can't talk about other countries, but today 20 plus 20 is also attractive. We want it (the incentives) to be more..
. Close to (the amount given for) manufacturing. Let's see what the policy comes out (with)".
But he said that India does score on the cost front as it is lower than other countries. He said suppliers consider all of these factors, not incentives alone but underscored that good incentives sweeten the deal and "make it more attractive". Artificial Intelligence(AI) Java Programming with ChatGPT: Learn using Generative AI By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Basics of Generative AI : Unveiling Tomorrow's Innovations By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Generative AI for Dynamic Java Web Applications with ChatGPT By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Mastering C++ Fundamentals with Generative AI: A Hands-On By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Master in Python Language Quickly Using the ChatGPT Open AI By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Office Productivity Zero to Hero in Microsoft Excel: Complete Excel guide 2024 By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Astrology Vastu Shastra Course By - Sachenkumar Rai, Vastu Shashtri View Program Data Science SQL for Data Science along with Data Analytics and Data Visualization By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Web Development A Comprehensive ASP.
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P. Gupta, Professor: Department of Finance and Business Economics, University of Delhi View Program Marketing Performance Marketing for eCommerce Brands By - Zafer Mukeri, Founder- Inara Marketers View Program When asked about whether Applied Materials was looking to set up a manufacturing unit in Tamil Nadu, Raja said that the company continued to look at all the options in every country as the company was expanding and growing. However, he said that nothing was 'concrete' as of now and that the company didn't go by 'rumours'.
Less than two weeks ago, the company signed a Memorandum of Understanding with the Tamil Nadu government to establish an advanced AI-enabled technology development Center of Excellence focused on semiconductor manufacturing and equipment in Taramani, Chennai. "We are now engaging local supply chain development," Satheesh Kuppurao, Group Vice President Business Development & Growth Semiconductor Products Group at Applied Materials said. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories.
