Self Reliance In AI Chip Making Lays Foundation For Developed India — PM Modi

Prime Minister Narendra Modi emphasized the significance of self-reliance in artificial intelligence (AI) chip manufacturing, stating that it is crucial for India’s aspiration to become a developed nation. During his address, he highlighted the establishment of the 'India Chip' joint venture, a 60:40 partnership between HCL Group and Foxconn, aimed at bolstering India's capabilities in semiconductor production. Modi noted that advancements in chip technology would not only enhance AI applications across various sectors but also stimulate economic growth and job creation. He called for increased investment in research and development, asserting that developing indigenous technologies is essential for national security and economic independence. The Prime Minister's remarks come at a time when global supply chains are being reevaluated, and countries are focusing on building robust local industries to mitigate dependence on foreign technology. The initiative aligns with the government's broader vision of fostering innovation and making India a global leader in technology.