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The Economic Times
The Economic Times
Technology

YOU WONT BELIEVE: Govts semicon sops 2 0 may top 10 billion iesa prez - What They Never Told You

IESA Ashok Chandak Memory MeitY the Ministry of Electronics and Information Technology United States Semiconductor ISM

The second phase of India Semiconductor Mission (ISM) is expected to top its initial outlay of $10 billion, as rising prices of memory chips call for higher incentives, India Electronics & Semiconductor Association (IESA) president Ashok Chandak said on Wednesday.

Industry stakeholders have informed the Ministry of Electronics and Information Technology (MeitY) of the need for higher incentives since global prices of memory, a key input, are expected to remain elevated for at least 18 months amid a supply shortage, Chandak said on the sideline of an industry event.

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