New Delhi, May 30 -- India is preparing to launch its first domestically manufactured semiconductor chip within the current year, marking a pivotal milestone in the country's technology manufacturing capabilities.

Union Minister for Electronics and IT Ashwini Vaishnaw announced this development during the Confederation of Indian Industry's (CII) Annual Business Summit on Thursday.

The inaugural chip will feature specifications ranging between 28 to 90 nanometres, targeting a market segment that represents 60 percent of global semiconductor demand.

Minister Vaishnaw emphasised the government's focused strategy in selecting this specific range, which aligns with substantial market opportunities while leveraging India's manufacturing capa...