1 hr ago
India Attracts $12 Billion in New Chip Investment Pledges
India wants to build a large chip industry inside the country.
Chips are tiny parts used in many electronic products.
Companies have promised to invest up to $12 billion in India.
The promises came after India created a new $13.4 billion semiconductor fund.
Applied Materials and Lam Research announced major planned investments.
Micron Technology is preparing to produce, test and assemble chips in India.
Tata Electronics also made agreements to strengthen chip production and supplies.
Indian officials say these investments could help the country build its chip ecosystem faster.
India has received investment pledges of up to $12 billion from global and domestic semiconductor investors.
The pledges follow India’s launch of a new $13.4 billion semiconductor fund in July.
Applied Materials plans to invest $5 billion and Lam Research about $1 billion in India.
Micron Technology expects to begin local chip output this year and test and assemble hundreds of millions of chips in 2027.
Tata Electronics signed agreements with Nexperia and Fujifilm covering manufacturing, testing and critical raw-material supplies.
- Who
- India, global and local semiconductor companies, Applied Materials, Lam Research, Micron Technology and Tata Electronics.
- What
- Investors pledged up to $12 billion for India’s semiconductor industry, while companies announced specific manufacturing and supply-chain projects.
- Where
- India, including New Delhi, Gujarat and Assam.
- When
- The pledges were announced within months of India’s new semiconductor policy; companies said some projects will unfold over the next two to three years.
- Why
- India is seeking to build a domestic chip industry and expand its semiconductor manufacturing ecosystem.
Key facts
- New investment pledges
- Up to $12 billion
- New semiconductor fund
- $13.4 billion, announced by India in July
- Applied Materials investment
- $5 billion over the next decade
- Lam Research investment
- About $1 billion for a local manufacturing facility
- Micron production timeline
- Local output is expected to start this year, with testing and assembly of hundreds of millions of chips planned for 2027
- Investment timeline
- Some announced investments are expected over the next two to three years
- Tata Electronics agreements
- Five accords across the semiconductor supply chain
Quotes
Ashwini Vaishnaw
India’s technology minister
“The question of whether we can make chips in India has changed to how fast and how deep can we build the semiconductor ecosystem in India. The answer is: deeper than anyone would have thought and sooner than anyone could have predicted”
NDTV
“So far whatever production is there is already booked and capacity, which is getting created, is already booked”
NDTV
Sources
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