The year 2024 has been pivotal for India’s ambitions to become a global semiconductor hub. The pandemic exposed the world’s dependency on China for chip manufacturing, prompting countries to prioritize self-reliance. Artificial intelligence (AI) further underscored the strategic importance of semiconductors in powering the technologies of the future.
\r\n\r\nIndia, too, embarked on its semiconductor journey, driven by rising trade deficits, geopolitical tensions, and supply chain challenges. The government launched the Semiconductor Mission with a ₹76,000 crore ($10 billion) investment under the Production-Linked Incentive (PLI) scheme, successfully attracting global and domestic players.
\r\n\r\nMicron Technology is building a $2.75 billion facility in Sanand, Gujarat, while Tata Electronics, in collaboration with Taiwan’s Powerchip Semiconductor Manufacturing Corporation (PSMC), is investing $3.5 billion in Dholera, Gujarat. Tata is also developing a