CG Power has set a target to produce 16 million semiconductor chips per day and achieve G1 qualification within 24 months, following India's shipment of its first semiconductors, Executive Vice Chairman Subbiah said. The announcement marks a milestone in India's semiconductor manufacturing capabilities, signaling a new phase in the country's technology sector development, according to economictimes.indiatimes.com.
The company is ramping up its semiconductor production capacity with a focus on meeting domestic demand and reducing reliance on imports. Subbiah outlined that the G1 qualification, a critical industry standard for chip manufacturing, is expected within two years, reflecting CG Power's commitment to quality and scale. This move comes as India intensifies efforts to build a robust semiconductor ecosystem, supported by government initiatives and industry investments, the report detailed.
India's entry into semiconductor manufacturing addresses a strategic gap in the global supply chain, especially amid recent disruptions. CG Power's production targets align with the government's push to develop local chip fabrication capabilities, aiming to compete with established players in Asia. The company's progress is closely watched as it could influence India's position in the global semiconductor market and support the growth of electronics and technology sectors domestically.
CG Power's plan to reach 16 million chips per day and secure G1 qualification within 24 months sets a clear timeline for India's semiconductor ambitions. The next key milestone will be the attainment of G1 certification, which will validate the quality and reliability of the chips produced, as stated by Subbiah in the interview with economictimes.indiatimes.com.