Intel CEO Pat Gelsinger met with Indian Prime Minister Narendra Modi and the two discussed topics including technology, research and innovation. Joining Gelsinger were Nivruti Rai, Intel India Regional Head, Intel VP of Intel Foundry Services, and Randhir Thakur, President of Intel Foundry. The Intel leadership team has also discussed India’s Semicon plan with the government, sources confirmed.
“Celebrating three decades of Intel partnership with India!” Gelsinger tweeted a photo of him meeting Modi as well as Rai and Thakur. Prime Minister Modi tweeted: “Glad to have met you @PGelsinger! We had excellent discussions on subjects relating to tech, research and innovation. I admire your optimism towards India.”
In December, India’s IT minister, Ashwani Vaishnaw tweeted Randhir Thakur, urging Intel to set up a semiconductor factory in India. The meeting between the Indian Prime Minister and some of his senior cabinet ministers and Intel’s executive team appears to be a positive step in Intel’s consideration of India’s semiconductor projects.
Satya Gupta, a former industry expert, chairman of the VLSI Association of India, and advisor to the Indian Electronics and Semiconductor Association (IESA), once explained to Business Today why companies such as Intel, Samsung, and TSMC have not yet established in India. The announcement is that large companies will not respond to requests for proposals (RFQs) or structures, especially with such a short notice.
“Key figures at the highest levels of government and potentially large investors, such as Intel, Samsung, TSMC, Micron, etc., need to come together and find win-win situations. It is also very important to involve senior advisors from national and global industries in these conversations. These Companies also execute their analysis, plans and strategies and act accordingly,” Gupta added.
In response to Business Today’s question about Intel’s entry into India, Gupta explained that India offers more than just incentives under the program. India is one of the fastest growing electronics markets, creating demand for semiconductors.