Pakistan has unveiled it’s first-ever semiconductor policy, aiming to establish a self-sufficient chip manufacturing industry within the country.

As per media reports, the new policy, which targets the local production of chips used in electronic devices, is set to provide substantial incentives for investors, fostering growth in the manufacturing sector.

The policy outlines a comprehensive strategy to drive the development of semiconductor manufacturing in Pakistan, offering attractive financial support to investors involved in the design and production of semiconductor chips.

Notably, the policy envisions projects like the development of smart chips for national identity cards and passports, which are expected to be among the first initiatives to take off under the new framework.

According to the report, the key provisions include grants and incentives for semiconductor manufacturing companies, as well as duty exemptions on equipment and machinery necessary for production.

Additionally, a National Semiconductor Fund, valued at Rs 10 billion, will be established to further bolster the sector.

In a bid to streamline processes, the government will introduce a central system to simplify bureaucratic hurdles for both new and existing companies.

Moreover, a national record will be created to safeguard intellectual property (IP) related to semiconductor technology. To support innovation, startups in the semiconductor sector will receive grants of up to Rs 10 million each.

The policy also sets ambitious goals for workforce development and industry growth.

By 2030, Pakistan aims to train 30,000 professionals in the semiconductor field, while promoting the creation of 55 startups in the sector by 2030 and 70 by 2045.

The policy outlines the establishment of 10 foreign chip design centers over the next six years. It also sets a target for local chip design to make up 5 percent of the market by 2030, with an ambitious 15 percent target by 2035.

Source: Samaa News