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SEMICON 2026: India preparing today for the chips of tomorrow: PM

Prime Minister Narendra Modi on Thursday pitched India as a trusted destination for global chip manufacturing and said the government is taking all measures to ensure the industry's success through enabling policies and frameworks. Speaking at the inauguration of the SEMICON India 2026 in New Delhi, the PM said that the semiconductor ecosystem is expanding rapidly, opening new opportunities for innovation, investment and growth. The world needs new and trusted locations for chip manufacturing, and India is preparing itself for this, he said. PM Modi said, India is preparing today for the chips of tomorrow and an entire ecosystem is being built and at the core of it are our youth. So far, 12 chip-making projects have been approved, and the next phase will see the numbers increase further, the PM noted.India Semiconductor Mission 2.0 expanded outlay to USD 13.5 billion from USD 8 billion in the first phase, he said.

India is seeking to build a complete semiconductor ecosystem, expanding beyond chip design and assembly to fabrication, advanced packaging, equipment, materials, research and talent as it looks to strengthen electronics manufacturing and reduce dependence on global supply chains. Backed by billions of dollars in incentives, New Delhi is courting global manufacturers and leveraging its engineering talent, vast consumer market and strategic position as it seeks to build a full-stack industry spanning chip design, fabrication, packaging and testing.

 


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