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Global majors such as Qualcomm, Intel, Mediatek, Infineon, and Texas Instruments have their research and development in India which contribute in the development of their chipsets.
“The government is deliberating on a new semiconductor design-linked incentive scheme which envisages financial and infrastructure support for Indian MSMEs and startups right through the ideation stage to the production stage. As and when these startups start producing and selling chips in the market, they shall also avail additional incentives under the scheme on their net sales turnover,” an official source told PTI.
Minister of State for Electronics and IT Rajeev Chandrasekhar last week had said that the government would host a conference of semiconductor companies in November to discuss India’s policy roadmap in the segment.
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Semiconductor design is the main driver of revenues that electronic chip companies earn from the sale of their high-end components.