Karnataka Will Lead Indias Semiconductor Revolution, says State IT/BT Minister Priyank Kharge [Video]

Semiconductor Fabless Accelerator Lab (SFAL) CoE for fabless semiconductors, has incubated 43 startups and benefited over 90 companies in the last five years. 

At a recent media briefing at the Vikasa Soudha, Karnataka IT/BT Minister Priyank Kharge highlighted the remarkable achievement and said, “With INR 21.56 crore investment, we’ve supported 200+ innovations, creating 800 ESDM jobs. SFAL startups have raised INR 140 crore, valued at INR 500 crore collectively.”

Success stories from SFAL include Calligo Technologies’ groundbreaking POSIT chip, Morphing Machines’ impressive $2.76 million funding round, and AB Circuits and Research Labs (ABCRL)’s pioneering automotive chip innovations.

As India becomes the world’s 2nd largest semiconductor consumer, Karnataka is positioning itself as a hub for semiconductor innovation and skilling, driving India’s transformation from a service-based to a product-driven economy.

India’s Semiconductor Plan

The Union Budget 2024-25 allocated Rs 21,936 crore to the Ministry of Electronics and Information Technology (MeitY), a 52% increase from the revised estimates …