From The Economic Times · PTI · · 1m 40s
Chip giants race to build India's semiconductor empire
Global semiconductor leaders are investing billions in India, betting on local talent and government support to create a world-class chip manufacturing hub.
In brief
Global semiconductor leaders are investing billions in India, betting on local talent and government support to create a world-class chip manufacturing hub. India is attracting major semiconductor investments from ASML, Applied Materials, and Lam Research, positioning itself to capture 15-25% of its local chip demand…
Global chip makers converge on India
Semicon India 2026 drew over 40,000 visitors and 600 companies from 52 countries, signaling major interest in India's semiconductor opportunity.
ASML opens India office, sees major growth
The Dutch lithography equipment maker, essential for all chip production worldwide, opened its first India office and expects more customers to enter the market.
“If we're going to be scaling this up, we need to be able to build many fabs here.”
India targets 15-25% of local chip demand
By 2032, India aims to produce 15-25% of its own semiconductor demand, requiring multiple new fabrication plants beyond Tata Electronics' existing 50,000 wafer-per-month facility.
Government backs plan with 1.27 lakh crore
The Semicon 2.0 scheme offers 1.27 lakh crore rupees (13.5 billion dollars) in incentives, with 12 billion dollars in investment proposals already lined up for chip production.
Applied Materials commits 5 billion dollars
The semiconductor equipment maker pledged 5 billion dollars over 10 years, plus a separate 3,600 crore rupee deal with Karnataka for research and production facilities.
Tata Electronics signs 16 vendor agreements
Tata Electronics secured partnerships with European, Japanese, Malaysian, and Singaporean suppliers for its 1.18 lakh crore investment in chip manufacturing in Gujarat and Assam.
Indian chip design startups gain momentum
Companies like L&T Semiconductor Technologies, IndieSemiC, and Axiro announced plans for commercial chip production, with government targeting 200 design startups under Semicon 2.0.
What to remember
India is attracting major semiconductor investments from ASML, Applied Materials, and Lam Research, positioning itself to capture 15-25% of its local chip demand by 2032.
