6 hrs ago
India’s Semicon 2.0 Attracts Up to $12 Billion
India has a new plan to grow its chip-making industry.
Companies have proposed investing about $11–12 billion through this plan.
The money could be spent on equipment and materials used to make semiconductors.
It could also support gases, chemicals and substrates used in the supply chain.
Minister Ashwini Vaishnaw shared the information at a technology conference.
The investments may happen over the next two or three years.
Some companies have not yet revealed their names.
They are waiting for approval from their boards and shareholders.
India has received proposed investments worth $11–12 billion under the second iteration of its chip manufacturing programme.
Union Electronics and IT Minister Ashwini Vaishnaw announced the figures at the Semicon India 2026 conference.
The proposals cover semiconductor equipment, materials, gases, chemicals and substrates.
The investments are expected to be made over the next two to three years.
Several companies have not been named because they are awaiting approval from their boards and shareholders.
- Who
- The Indian government and companies considering semiconductor investments; Union Electronics and IT Minister Ashwini Vaishnaw announced the proposals.
- What
- The second iteration of India’s chip manufacturing programme has attracted proposed investments of $11–12 billion.
- Where
- The announcement was made at the Semicon India 2026 conference.
- When
- The announcement was made on Thursday; the proposed investments are expected over the next two to three years.
- Why
- The proposals are intended to cover areas across the semiconductor supply chain, including equipment, materials, gases, chemicals and substrates.
Key facts
- Programme
- Second iteration of India’s chip manufacturing programme, referred to as Semicon 2.0
- Proposed investment
- $11–12 billion, or about Rs 1 lakh crore
- Investment timeline
- Expected over the next two to three years
- Covered sectors
- Semiconductor equipment, materials, gases, chemicals and substrates
- Announced by
- Ashwini Vaishnaw, Union Electronics and IT Minister
- Company disclosures
- Names have not been released for several interested companies pending board and shareholder approvals
- Announcement venue
- Semicon India 2026 conference
Quotes
Ashwini Vaishnaw
India’s Union Electronics and IT Minister
“The investment numbers that we are seeing today are of the order of Rs 1 lakh crore, or about $11-12 billion. Many of them don’t want us to take their names, but they will make those investment announcements after approvals from their board and shareholders.”
indianexpress.com
Sources
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