Average package I don’t know because package varies each year.. companies do device their CTC and Everything.. But if you get job you will get package mostly more than 10lpa.. All the World’s biggest Semiconductor Companies like Intel, Qualcomm, Mediatek, NXP, Cypress, Infineon, Texas Instruments, Cadence, Mentor Graphics, Xilinx, Synopsis, Microsemi/Microchip, Marvell, Global Foundries, Nvidia visits VIT for Intern/PPO/FTE roles..
Just to give you an perspective the placement for 2021 batch just started.. Qualcomm offered 29.1lpa to 5students, Intel offered 18.5lpa to 60 VLSI students (total 106 students).. Mediatek offered 13lpa to 9people.. Samsung offered 17.5lpa to 12people.. Mentor Graphics, AMD, Infineon is visiting next.. Infineon offering 12lpa, AMD 12lpa, Mentor Graphics also more than 10lpa & expected to hire 10students each (based on my experience from 2017)..
So clearly companies are offering same package as IITs & also hiring quite good no.of students.. what more I notice is companies do come multiple times.. in 2017, Intel came twice, Cadence came thrice etc.. at last no. Of companies were more than no. Of eligible students… because almost all Companies will visit..it’s just upto you to crack..