Union Minister Ashwini Vaishnaw highlights India's rapid rise as a global semiconductor hub, driven by strong government initiatives, a skilled workforce and advancing manufacturing capabilities. Key projects, including Micron’s facility, are set to begin production by 2025, strengthening India’s leadership in chip design and innovation.
India is rapidly positioning itself as a major player in the global semiconductor industry, driven by a growing talent pool and strong government initiatives. At the 10th ET Startup Awards 2024, Union Minister for Electronics and IT, Ashwini Vaishnaw, highlighted India’s advancements in semiconductor design and manufacturing, highlighting the country's growth in the value chain. The government’s Semiconductor Mission has approved over 25 applications for chip design, with several startups already attracting venture capital. Notably, some companies are working on breakthrough technologies, such as new architectures for RF systems in mobile phones. This reflects India's shift from low-value work to cutting-edge innovation in chipsets and system-on-chip (SoC) designs.
On the manufacturing front, the country is set to produce its first made-in-India memory chips by 2025, with the Micron facility expected to start shipping early that year. Construction is also progressing rapidly on Tata’s ATMP facility in Assam and the CG Power plant in Sanand. These developments are key to establishing a comprehensive semiconductor ecosystem in India. Vaishnaw emphasized that India's talent pool, more than geopolitical factors, is the primary driver behind its semiconductor growth. Companies are increasingly leveraging India’s expertise, acquiring intellectual property and building manufacturing capabilities locally.
The country’s talent combined with government policies made India as a best destination for global semiconductor investments. With a strong policy framework and significant investments in infrastructure and talent, India is well on its way to becoming a global hub for semiconductor manufacturing and innovation.
