New Delhi, Aug 17 (KNN) India and Thailand are making every potential move to hold a tight position in Asia’s chipmaking trajectory, reported Nikkei Asia.

As China and US are engaged in the chip war, India has come out as an alternative options It is also exploring every opportunity to be recognized as a major player in the supply chain.

Earlier, on July 28, Prime Minister Narendra Modi addressed SemiconIndia 2023 industry event where he showed up the strengths his country has to offer the global chip industry.

"Who can be a more trusted partner than the world's largest democracy?" he asked in a speech.

"As India moves forward on the path of reform, new opportunities will be created. India is becoming an excellent conductor for semiconductor investments," PM Modi said addressing the inaugural session of 'SemiconIndia 2023' in Gandhinagar, Guiarat.

In 2021, the Indian government approved the Modified Programme for Development of Semiconductors and Display Manufacturing with an outlay of Rs 76,000 crores, as per the statement issued by the It and Electronics Ministry.

The programme aims to provide attractive incentive support to companies that are engaged in silicon semiconductor Fabs, Display Fabs, Compound Semiconductors/silicon photonics/sensors, semiconductor packaging and semiconductor design.

In a bid to make India the next chipmaker industry, the government approved the proposal of Micron Technology Inc. on June 14 for setting up a semiconductor unit with a capital investment of IN 22,516 crore (2.75 billion dollars). 

This manufacturing facility of Micron will manufacture DRAMs, Flash memories and Solid-State Devices, the statement added.

Meanwhile, in Thailand, Narit Therdsteerasukdi, who is in charge of foreign investment policy as secretary-general of the Board of Investment, has called semiconductors one of the most critical goods.

The Thai government has expanded corporate tax breaks that chip companies stand to benefit from. 

A company upstream in the supply chain that enters Thailand is now exempt from corporate taxes for up to 13 years, for example, where once the break ran for only up to eight years.  (KNN Bureau)