India Accelerates Chip Mission With $13.5 Billion Investment and Twelve New Projects

India hosts SEMICON India 2026, the country’s biggest semiconductor showcase, drawing dozens of multinational manufacturers and investors to discuss a strategic shift from design to full‑scale chip fabrication within its borders for the future.

Modi used the forum to pitch India as a low‑cost, high‑volume production hub, unveiling a $13.5 billion semiconductor mission that has already cleared twelve new chip projects and promises fiscal incentives for foreign partners.

Semicon India reports three domestic fabs are now in commercial production, with additional lines slated to start by year‑end, positioning the nation within a projected $200 billion global chip market opportunity.

Chip Industry analysts project the drive will generate thousands of skilled jobs, cut import reliance on foreign semiconductors, and boost export earnings, while supporting downstream sectors such as automotive, telecom and consumer electronics.