India Received Investment Commitments Of $12 Billion Under Semicon 2.0.
Ashwini Vaishnaw said the proposals span equipment, materials and manufacturing as India seeks to build a domestic chip supply chain.
- On Thursday, Union Electronics and IT Minister Ashwini Vaishnaw announced India received $11-12 billion in investment proposals under the India Semiconductor Mission 2.0 at the Semicon India 2026 conference.
- Facing surging semiconductor demand, India spent $150 billion on imports between FY17-FY25, with projections showing annual imports could reach $240 billion by 2035 without domestic manufacturing.
- Applied Materials announced a $5 billion investment under its India Vision 2035, while Lam Research revealed plans for its first silicon-component manufacturing facility in the country.
- Tata Electronics partnered with Ascendas First Space for a 363-acre vendor park, also signing agreements with Japan's Fujifilm and JSR Corporation for materials needed for the Dholera fab.
- Investments are expected over the next two to three years, though Vaishnaw noted many companies require final board and shareholder approvals before confirming details.
14 Articles
14 Articles
India’s New Chip Plan Draws $12 Billion in Investment Pledges
India has received investment pledges of as much as $12 billion from global and local investors within months of launching it’s new semiconductor policy, marking an acceleration in its efforts to become a chip-making nation.
India Received Investment Commitments Of $12 billion Under Semicon 2.0.
Vaishnaw’s comments come at a time when the government is pushing hard for the second phase of its semiconductor programme towards building out more parts of the supply chain. Without naming the specific companies, the minister, however, said that the players are expected to make announcements after securing approvals from their respective boards and shareholders
Seeing USD 11-12 bn investment commitments under Semicon 2.0: Vaishnaw
New Delhi: The government is seeing investment commitments of about USD 11-12 billion under the newly-launched Semicon 2.0 scheme, IT Minister Ashwini Vaishnaw said Thursday. The investment interest spans a wide swathe of the semiconductor ecosystem, including equipment, materials, gases, chemicals, assembly, testing, marking and packaging (ATMP) units, substrates and wafers, the minister said briefing reporters at SEMICON India 2026 event. “Th…
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