Global Foundries, the New York-headquartered Semiconductor MNC, plans to set up a Semicon Ecosystem in West Bengal. 

The Proposal 
The unit being referred to will be called GF Kolkata Power Centre. The White House announced the Project in September after a meeting between outgoing US President Joe Biden and Indian Prime Minister Mr Narendra Modi.   

Specifics of the Ecosystem 
The concerned Semicon ecosystem will be a servicing facility for semiconductors. The facility will be equipped with Research & Development and Servicing infrastructure. 

It will provide services like designing, fabricating, testing, and maintenance of semiconductors and semiconductor devices. 

Capitalising After-Sale Services 
As a lot of semiconductor units are coming to India, there would be a substantial need for maintenance services too, to keep the businesses up-keep and running. 

GF Vice President Amitava Das, speaking to reporters on the sidelines of Innovation 2024 organized by the CII Eastern Region on Thursday, announced that the tech giant was planning to establish a semiconductor servicing unit in India. "A lot of semiconductor units are coming to India. So, you need servicing also," he added.

Status of The Project 
Global Foundries had seen land Parcels in STPI for the project, the State IT minister had informed the public earlier about it. GF officials along with  Amitava Das had met Babul Supriyo, State IT Minister, earlier this week. 

Bengal Semiconductor Policy 
Babul Supriyo, State IT and Electronics Department Minister had articulated earlier that the West Bengal government plans to introduce policies on global capability centers (GCC) and semiconductors in the coming months. These initiatives aim to position the eastern state as the next major IT destination in the country.

Global Foundries 
It is the world’s third-largest chipmaker by revenue. The company produces integrated circuits on wafers designed for markets including smart mobile devices, automotive, aerospace and defense, consumer Internet of Things (IoT), as well as data centers and communications infrastructure.