Modi Unveils Next Phase of Semiconductor

"Given the pace at which India is advancing in the semiconductor sector, India will hold a significant share in this trillion-dollar market."

- NARENDRA MODI, PM OF INDIA

The India Semiconductor Mission was first cleared in December 2021 with a ₹76,000-crore outlay, of which ₹65,000 crore was earmarked for fabrication units and ₹10,000 crore for upgrading the Semi-Conductor Laboratory in Mohali.

Modi said the next phase of the mission is not limited to a single fab or project but to building a comprehensive ecosystem spanning design, manufacturing, packaging and high-tech devices.

"In total, 10 semiconductor projects are now underway, involving an investment of over $18 billion -- more than ₹1.5 lakh crore," Modi said. "This reflects the growing global trust in India.