The importance of semiconductor can also be understood from the fact that if your vehicle does not have it, then you will not be able to get any kind of modern features.
After all what is semiconductor
Automobile industry body SIAM said on Friday that wholesale sales of passenger vehicles in the country declined by 19 per cent in November due to semiconductor (chip) shortages. SIAM said that due to the shortfall of the semiconductor, the manufacturing and supply of vehicles are being affected badly. Due to chip shortage, the wholesale sales of passenger vehicles (PV) last month stood at 2,15,626 units, down 19 per cent from 2,64,898 units in November 2020.
What is a semiconductor used in vehicles
At present, almost all the vehicles being built are plying on the roads with the help of chip or semiconductor. All the functions or all the parts you get in a vehicle are controlled by these chips. The importance of semiconductor can also be understood from the fact that if your vehicle does not have it, then you will not be able to get any kind of modern features. The use of chips was almost negligible in the earlier vehicles, due to which there were no special features or functions in the earlier vehicles.
In today’s era, there will be hardly any electronic device, in which semiconductor is not used. In this sense, semiconductors have become an important part of everyday life. If you want to know its importance, then think about what would happen if there were no electronic devices in the world. It is this chip, which not only changed today’s electronic devices but also made our lives a lot easier. This is the reason that due to the shortfall of this chip, the manufacturing of vehicles is not being done, due to which the automobile sector is facing huge problems.
What is the government doing to solve the chip crisis?
The automobile sector has a huge share in the economic development of India. The share of the automobile sector in the country’s GDP is more than 7 percent. The shortage of semiconductors remains a big headache not only for the automobile sector but also for the government. This is the reason that to encourage chip making companies, the Government of India has prepared an incentive scheme of Rs 76 thousand crores. This scheme is yet to get the approval of the cabinet. It is expected that by the end of this month, this scheme will get the approval of the cabinet.
The government has estimated that the chip manufacturing incentive program will invite investment of Rs 1.7 lakh crore. It is expected that this plan of the government will also attract major chimp makers like Intel, MediaTek, Qualcomm.
Also read- Unskilled SMEs are a bigger threat to GDP than any epidemic, if skill development is not done then the economy will sit
.
