India Launches Major Semiconductor Manufacturing Initiative

The Indian government has approved three semiconductor projects worth ₹1.26 trillion, marking a significant step towards self-reliance in chip manufacturing.

The Tata Group, in collaboration with Taiwan's Powerchip Semiconductor Manufacturing Co., will establish India's first semiconductor fab in Gujarat, with an investment of ₹91,000 crore.
A semiconductor assembly, testing, marking, and packaging plant will be set up in Assam by Tata Semiconductor Assembly and Test, alongside another specialized chip facility in Gujarat.
The projects are expected to create 26,000 direct and 1 lakh indirect jobs, enhancing India's position in the global semiconductor market.
The initiative includes a $15 billion investment and aims to produce billions of chips annually for various market segments, including telecom and electric vehicles.
The government has also approved incentives for rooftop solar power and critical mineral auctioning, further supporting India's ambitions in electronics manufacturing and renewable energy.