India aims to elevate its semiconductor industry to global levels by 2032. The government is investing $10 billion in the country to attract major chip companies, with three factories expected to begin commercial production in early 2026.
November 20, 2568 at 11.49:XNUMX a.m. Bloomberg News reported that India's technology minister says the country's semiconductor manufacturing capacity will match that of major global manufacturers by 2575. This is an ambitious timeline and reflects the government's commitment to promoting domestic manufacturing.
Ashwini Vaishnaw, India's Technology Minister Speaking at the Bloomberg New Economy Forum in Singapore on Thursday, he said, "In the case of semiconductors, by 2574-2575 we will be at the same level as many countries today. Then the competition will be fair and based on a level playing field."
India is just getting started on its semiconductor industry, with the government increasing spending to attract chip designers and manufacturers. The world's most populous nation is using a $10 billion fund to boost its chip program, sparking numerous investment plans in assembly, packaging and testing. Micron Technology Inc. has set up a factory in Prime Minister Narendra Modi's home state of Gujarat, while conglomerate Tata Group is among 10 manufacturers to produce silicon wafers domestically.
However, India still lags behind chip industry leaders like Taiwan and South Korea, as well as countries like the United States, China and Japan, which have all invested hundreds of billions of dollars to build domestic chip manufacturing capacity and attract the world's largest tech companies. These efforts are aimed at securing the supply chain of critical components for future technologies, from artificial intelligence to self-driving cars.
Ashwini Vaishnaw Three chip factories in India are set to begin commercial production in early 2026. A major government effort to boost the semiconductor industry, along with a rapidly growing chip design ecosystem and a strong engineering pool, are helping India move closer to the point where private capital will start pouring in. India hopes major chip companies will invest, just as government incentives have lured Apple and its suppliers to relocate iPhone production to the country.
refer : bloomberg.com
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