Sharp Eyes India for $3-5 Billion Display Fab Unit

Japanese electronics giant Sharp is reportedly considering a significant investment in India’s growing semiconductor industry. The company is in talks to set up a display fabrication unit (fab) in India, with estimates suggesting an investment of $3-5 billion.

Magazine

This potential facility would be massive, spanning an area of 1,000 acres, exceeding the size of Sharp’s existing factory in Japan. The focus of the plant would be on manufacturing cutting-edge Series 10 displays, in line with India’s aspirations to become a major player in the global semiconductor market.

Magazine

Sharp’s interest in India aligns with the country’s efforts to attract investment in electronics manufacturing. The Indian government has been actively promoting domestic production through initiatives like the Production Linked Incentive (PLI) scheme. This investment by Sharp would cater to both the domestic demand for electronics within India and serve as an export hub for international markets.

Sharp has reportedly met with India’s Communications Minister Ashwini Vaishnav to discuss the project. The company is currently scouting for land in potential locations, including Telangana, Gujarat, and Maharashtra. Finalising the location will likely depend on factors like land availability and government incentives offered by each state.

This development is a positive sign for India’s ambitions in the semiconductor sector. If successful, Sharp’s investment would bring not only advanced display manufacturing to India but also create significant job opportunities and contribute to the technological development of the nation.

New source-https://m.economictimes.com/industry/cons-products/electronics/japans-sharp-plans-to-set-up-3-5-billion-semiconductor-unit-in-india/articleshow/109641450.cms


Discover more from CIJ TODAY

Subscribe to get the latest posts to your email.

Leave a Reply

Your email address will not be published. Required fields are marked *

Discover more from CIJ TODAY

Subscribe now to keep reading and get access to the full archive.

Continue reading