India Received Investment Commitments Of $12 Billion Under Semicon 2.0.
Ashwini Vaishnaw said the proposals span equipment, materials and manufacturing as India seeks to build a domestic chip supply chain.
- On Thursday, Union Electronics and IT Minister Ashwini Vaishnaw announced India received $11-12 billion in investment proposals under the India Semiconductor Mission 2.0 at the Semicon India 2026 conference.
- Facing surging semiconductor demand, India spent $150 billion on imports between FY17-FY25, with annual imports potentially reaching $240 billion by 2035 without domestic manufacturing capacity.
- Applied Materials announced a $5 billion investment under its India Vision 2035, while Lam Research revealed plans for its first silicon-component manufacturing facility in the country.
- Tata Electronics partnered with Singapore-based Ascendas First Space to develop a 363-acre vendor park in Dholera, Gujarat, while also signing agreements with Japan's Fujifilm and JSR Corporation for critical materials.
- Investments are expected over the next two to three years, though Vaishnaw noted many companies require final board and shareholder approvals before confirming details publicly.
23 Articles
23 Articles
(Seoul = Yonhap News) Reporter Yoo Chang-yeop = India, striving to foster its semiconductor industry, has secured investment pledges worth over 16 trillion won from domestic and foreign semiconductor companies, Bloomberg reported...
USD 12 Billion Semiconductor Investments to Create over 1 Lakh Jobs: Ashwini Vaishnaw
Get latest articles and stories on Business at LatestLY. Semiconductor investments of around USD 12 billion are expected to create more than one lakh jobs in India as the government expands the domestic chip ecosystem under Semicon 2.0, Union Electronics and Information Technology Minister Ashwini Vaishnaw said on Thursday. Business News | USD 12 Billion Semiconductor Investments to Create over 1 Lakh Jobs: Ashwini Vaishnaw.
India’s New Chip Plan Draws $12 Billion in Investment Pledges
India has received investment pledges of as much as $12 billion from global and local investors within months of launching it’s new semiconductor policy, marking an acceleration in its efforts to become a chip-making nation.
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