Prime Minister Narendra Modi chaired a high-level roundtable with global industry leaders ahead of Semicon India 2026. The meeting signals India's intensified push to establish a robust domestic semiconductor ecosystem.
$2.75 billion
Micron Investment
approx. in INR: ₹22,500 crore→$2.75 billion
⏳ Time Machine
How today’s news fits into the bigger picture
December 2021
India Semiconductor Mission Launched
The Indian government approved the 'India Mission' with a financial outlay of ₹76,000 crore (approximately $10 billion) to attract investments in semiconductor and display manufacturing. This marked a serious commitment to the sector.
Early 2022
Global Chip Shortage Peaks
The worldwide shortage intensified, causing significant production cuts in industries like automotive and electronics, highlighting the urgent need for supply chain diversification and resilience.
July 2023
Micron Announces India Investment
US chipmaker Micron Technology announced a significant investment of up to $2.75 billion (approximately ₹22,500 crore) to build a new assembly and test facility in Gujarat, a major milestone for India's ambitions.
July 2024
Foxconn-Vedanta JV Dissolved
The ambitious joint venture between Foxconn and Vedanta to set up a fabrication plant in India dissolved, underscoring the challenges and complexities of attracting and retaining such large-scale investments.
September 2026
SiC Wafer Reactors Installed
RIR Power Electronics completed the installation of Silicon Carbide (SiC) Epitaxial Wafer Manufacturing Reactors at its facility in Bhubaneswar, Odisha, marking a concrete step in advanced material production.
Today
PM Modi met global semiconductor CEOs to accelerate India's chip manufacturing ambitions.
What happens next?
Further investment pledges and partnership announcements are anticipated at the upcoming Semicon India 2026 conference.
Prime Minister Narendra Modi held a significant roundtable discussion with CEOs of leading global semiconductor companies yesterday. The meeting, a precursor to the Semicon India 2026 event, focused on accelerating India's ambitions in semiconductor manufacturing, design, and talent development. Discussions covered opportunities for investment, infrastructure, and fostering emerging technologies, underscoring the government's commitment to making India a global hub for chip production.
💭 If you're wondering…
Semicon India is an annual conference and exhibition organized by the Indian government to showcase India's semiconductor ambitions, attract investments, and foster collaborations between global and domestic players in the chip industry.
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