India is stepping boldly into the world of semiconductors, laying the foundation to become a global chip powerhouse. With billion-dollar partnerships, a growing startup base, and strong government support, the country is fast-tracking its silicon ambitions through the India Semiconductor Mission.
The latest boost comes with the Union Cabinet’s approval of a new chip manufacturing unit — a collaboration between Foxconn and HCL. Set to rise near the upcoming Jewar airport in Uttar Pradesh’s YEIDA region, this facility will produce display driver chips used in smartphones, laptops, vehicles and more. Backed by an investment of Rs 3,700 crore, the plant aims to roll out 36 million units a month from 20,000 wafers. “With this sixth unit, Bharat moves forward in its journey to develop the strategically vital semiconductor industry,” said the government.
Launched in 2021, the India Semiconductor Mission under the Ministry of Electronics and IT carries a vision backed by Rs 76,000 crore. It seeks to reduce import dependence and develop India’s full semiconductor value chain — from design and production to testing and talent.
Global giants are lining up. Tata Group and Taiwan’s Powerchip are building a fab in Gujarat’s Dholera. Micron has an ATMP unit in Sanand. Tata is also working on a packaging facility in Assam. New entrants like Kaynes and CG Power are investing in OSAT services. This momentum is fuelled by policy incentives such as subsidies, capital support and design-linked rewards.
India’s semiconductor market touched $45 billion in 2023 and is expected to more than double by 2030. With its massive appetite for electronics and digital devices, the demand story is strong. But the journey is not without hurdles. Setting up a fab demands deep capital and takes time. Experts forecast a shortfall of nearly 300,000 skilled professionals by 2027. Raw material supply and high-end tools are also limited.
To tackle these challenges, India is forming global tech partnerships, building local research centres like the proposed India Semiconductor Research Centre, and preparing the next generation of engineers through the Chips-to-Startup program.
In the grand game of chips, India is not just participating — it is planning to lead.
Also read: Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream formerly known as CIO News LinkedIn Account | The Mainstream formerly known as CIO News Facebook | The Mainstream formerly known as CIO News Youtube | The Mainstream formerly known as CIO News Twitter |The Mainstream formerly known as CIO News Whatsapp Channel | The Mainstream formerly known as CIO News Instagram
About us:
The Mainstream formerly known as CIO News is a premier platform dedicated to delivering latest news, updates, and insights from the tech industry. With its strong foundation of intellectual property and thought leadership, the platform is well-positioned to stay ahead of the curve and lead conversations about how technology shapes our world. From its early days as CIO News to its rebranding as The Mainstream on November 28, 2024, it has been expanding its global reach, targeting key markets in the Middle East & Africa, ASEAN, the USA, and the UK. The Mainstream is a vision to put technology at the center of every conversation, inspiring professionals and organizations to embrace the future of tech.
