Prime Minister Narendra Modi met with Intel CEO Lip-Bu Tan on Tuesday where they discussed the company’s involvement in India’s semiconductor sector.
After the meeting, Modi shared on X that he was pleased to meet the CEO and that India appreciates Intel’s support for the country’s semiconductor push. He added that he believes Intel will benefit from working with India’s young talent to help build a technology-driven future.
‘Intel committed to support India’s Semiconductor Mission,’ says CEO Lip-Bu Tan after meeting PM Modi
Lip-Bu Tan said that Intel will be committed to be a part of India’s growing Semiconductor Mission, which aims to set up an active high-end electronic component ecosystem in the country. Tan added that he had multiple discussions with PM Modi on a variety of topics related to computing and technology which has tremendous potential in India.
“I applaud the Prime Minister for putting in place a comprehensive semiconductor design and manufacturing policy and Intel is committed to support the India Semiconductor Mission,” Tan said in a post on X.
How is Intel’s semiconductor push significant for India?
Intel has been operating in India for nearly 40 years. The company runs one of the country’s largest research and development centers, but it still does not manufacture chipsets in India. Here’s how this push will be significant for India:
- Intel has signed a deal with the Tata Group to start making and assembling semiconductors in India for local use.
- A packaging unit by Heterogeneous Integration Packaging Solutions Pvt Ltd, supported by Intel, is the first project of its kind in India involving Intel’s investment.
- The project is also supported by major US tech companies like Lockheed Martin and Applied Materials. It involves an investment of Rs 1,943 crore and will be able to produce 5 crore units each year.
- An Odisha government official said in September that the foundation-laying ceremony for this project would take place during Lip-Bu Tan’s visit to India.
Modi had also met with Cognizant CEO Ravi Kumar S and Cognizant India’s Chairman and Managing Director Rajesh Varrier. In his post on X, he said the meeting went very well and that India values Cognizant’s ongoing involvement in advanced technology areas. He noted that the strong interest of India’s youth in AI and skill development creates a promising foundation for future collaboration.
