According to an official note released by the Ministry of Electronics and Information Technology (MeitY), global semiconductor manufacturing equipment maker LAM Research has applied for incentives under the government’s scheme to promote manufacturing of electronic components and semiconductors (SPECS) for local production. applied.

LAM Research India Pvt Ltd has proposed an investment of Rs 208 crore, while the government will give an incentive of Rs 32.21 crore. The application got approval from the government on July 6, but the company has not commented on the details of the investment.

Notified in April 2020, the SPECS scheme provides financial incentives of up to 25 per cent on capital expenditure for a specified list of electronic goods. These goods cover the downstream value chain of electronic products such as electronic components, semiconductor or display fabrication units, ATMP units, specialized sub-assemblies and capital goods for the manufacture of the above goods.

Based in Fremont, California, LAM Research Semiconductor supplies wafer fabrication equipment and solutions for active components used in wiring and wafer cleaning, which are critical parts of a chip manufacturing facility. The investment assumes special significance in light of the government’s effort to create a local ecosystem for semiconductor manufacturing.

Currently, LAM Research operates from its design and software development campus in Bengaluru, India, where a local workforce is engaged in hardware engineering, global operations management, sub-assemblies and subsystem design analysis and providing innovation. The company recently announced plans to train 60,000 engineers in nano-fabrication in India over the next decade in partnership with the Indian Institute of Science (IISc), Bengaluru.

With the new application of LAM, till July 2023, the government has approved 36 applications with a proposed investment of Rs 11,429 crore and has committed an incentive of Rs 1,562 crore since the launch of the SPECS scheme in 2020. This is compared to 34 electronic components manufacturing proposals worth Rs 11,187 crore received till March 30.

So far, proposals from leading electronics companies such as Tata Electronics, Samsung Display Noida Pvt Ltd, Salcomp Technologies, Sahasra Semiconductors, Idemiasyscom, Deki Electronics, Molex India and Continental Device India Pvt Ltd have been approved.

A Clarification Committee meeting was held on July 18 to examine the eligibility of products under the scheme, resulting in seven approvals under the Semiconductor Design Linked Incentive (DLI) scheme.

Leave a Reply

Your email address will not be published. Required fields are marked *