Tokyo Electron Ltd. aims to form a team of engineers specializing in chips in India.
It’s worth noting that the government of the Prime Minister of the mentioned South Asian country, Narendra Modi, is currently taking measures to expand the homegrown semiconductor manufacturing sector.
Tokyo Electron chief executive officer Toshiki Kawai said that this Japanese producer of chip-making equipment plans to hire and train engineers in India around 2026. Also, according to him, the first task of this team of specialists will be to provide technical services to Tata Electronics Pvt. Moreover, in an appropriate context, he stated that robotics will play an increasingly important role.
Toshiki Kawai noted that Indian employees will be provided with in-person and remote support from Japan. At the same time, he did not disclose exactly how many people are planned to be hired in India.
It is worth noting that New Delhi is stepping up efforts to gain international electronics companies and chip manufacturers. These efforts are part of the goal of developing the homegrown semiconductor industry. Narendra Modi seeks to reduce India’s technological gap from advanced economies.
Apple is currently scaling up its manufacturing activities in the South Asian country. Tata Group and other companies are increasing their investments in projects to build chip-producing plants in India. It is worth noting that local authorities are encouraging relevant initiatives. In February, the South Asian country’s government approved investments in chip manufacturing plants totaling $15.2 billion.
