India’s push to build its own semiconductor ecosystem received fresh endorsement after Union Minister for Electronics and Information Technology Ashwini Vaishnaw lauded the progress in chip manufacturing, calling it a crucial step toward becoming a “product nation”.
Minister Vaishnaw Highlights India’s Push for Indigenous Chipsets
Minister Vaishnaw wrote on X, citing a media report, that “chipsets with our own IP is an important objective in this journey,” highlighting the government’s semiconductor mission and the Design Linked Incentives (DLI) scheme aimed at supporting startups in chip design.
In the post on X, Minister Vaishnaw on Monday said India is strengthening efforts to become a “product nation,” highlighting that chipsets with indigenous intellectual property are a vital objective in this journey.
“Bharat steps up efforts to be a product nation. Chipsets with our own IP is an important objective in this journey. Our semiconductor mission has a component – Design Linked Incentives (DLI) – to encourage startups who innovate and design chips. Supported by DLI Scheme and IIT-M expertise, Mindgrove Technologies has designed secure IoT chips,” the minister posted.
Mindgrove Technologies Pioneers Secure IoT Chip Innovation
He pointed to IIT-M incubated Mindgrove Technologies as an example of how innovation and policy support are combining to create secure IoT chips for strategic and commercial applications. Founded in 2021, Mindgrove designs innovative SoCs and hardware in India for the global market. The chips are designed for devices such as CCTV cameras, industrial applications under Industry 4.0, and other Internet of Things (IoT) products.
Mindgrove Technologies, a fabless semiconductor start-up, recently confirmed that it has placed its first mass manufacturing order for secure IoT chips with its foundry partner, as per the media report cited by the minister.
In September last year, Mindgrove received approval under the DLI scheme, amounting to Rs 15 crore, to develop its second product line – the Vision SoC, the same media report said.
Also Read: Made-in-India Semiconductor Chips to Clean Energy: What’s behind PM Modi’s Independence Day Vision
Ankur Mishra is a journalist who covers an extensive range of news, from business, stock markets, IPOs to geopolitics, world affairs, international crises, and general news. With over a decade of experience in the business domain, Ankur has been associated with some of the reputed media brands. Through a sharp eye on global marketplaces along with deep insights and analysis of business strategies, Ankur brings simplicity to the complex economic matrix to decode market trends and empower people.
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