Reports indicate that Japan’s Sharp Corporation plans to invest between $3 to $5 billion in establishing a semiconductor display fab factory in India. These fabs are crucial for producing televisions and digital screens, and the proposed facility is expected to cover a vast area of 1,000 acres, surpassing its counterparts in Japan in size.
Discussions with India’s Communications Minister Ashwini Vaishnaw suggest Sharp’s strong commitment to this endeavor, aiming to serve both local and global markets from this Indian hub.
The proposed factory will focus on manufacturing state-of-the-art Series 10 displays, positioning India as a key player in the global semiconductor industry. Sharp is currently engaged in talks with state governments in Telangana, Gujarat, and Maharashtra for land acquisition.
Although the approval timelines may be extended due to ongoing elections, Sharp’s initiative aligns with India’s ambition for self-reliance in semiconductor production. Notably, other global players, such as Tower Semiconductors from Israel, have also expressed interest in India’s semiconductor ecosystem.
India’s growing semiconductor industry holds promise in reducing import dependency, promoting indigenous innovation, and driving economic development. With substantial investments and policy backing, India aims to emerge as a formidable semiconductor manufacturing hub, catering to the diverse demands of various industries.
