India semiconductor ecosystem expanding rapidly, says PM Modi

Prime Minister Narendra Modi inaugurated SEMICON India 2026 in New Delhi, announcing that 12 chip-making projects have been approved so far as the country positions itself as a trusted manufacturing destination.

The India Semiconductor Mission 2.0 has expanded its financial outlay to $13.5 billion from $8 billion in the initial phase to support comprehensive local manufacturing and design capabilities.

Applied Materials announced an investment of $5 billion under Vision 2035 to help integrate India's domestic semiconductor ecosystem into the broader global value chain.