India has officially approved two new semiconductor-related projects, further accelerating its ambitions to become a global semiconductor manufacturing hub. With the latest approvals, the total number of semiconductor-related facilities in the country has increased to 12, representing a cumulative investment of approximately US$17.2 billion.
The newly approved projects, valued at around US$414 million, include a composite semiconductor display manufacturing facility focused on Mini/Micro LED display modules, as well as a semiconductor packaging plant targeting automotive, industrial, and consumer electronics applications.
Since launching its national semiconductor initiative in 2021, India has been actively promoting local chip manufacturing through a series of government-backed incentive programs. These policies cover wafer fabrication, chip design, packaging, and testing, aiming to strengthen domestic supply chain resilience and reduce reliance on semiconductor imports.
India already holds competitive advantages in chip design, with global companies such as Intel and AMD operating major R&D centers in the country. At the same time, India is rapidly expanding its manufacturing and advanced packaging capabilities to build a more comprehensive semiconductor ecosystem.
According to the Indian government, the newly approved projects will complement the country’s growing chip design capabilities and further strengthen its domestic semiconductor infrastructure. India has also set an ambitious target of growing its semiconductor market to US$100–110 billion by 2030.
Amid ongoing global supply chain restructuring and rising demand driven by AI and high-performance computing, India is steadily positioning itself as an emerging force in the global semiconductor industry. As more fabrication and packaging projects come online, the country is expected to play an increasingly significant role in the future semiconductor landscape.