India’s Chip Ambition Accelerates: 25 Deals Announced at SEMICON 2026 Day 2

India’s semiconductor ecosystem is rapidly transitioning from policy intent to commercial execution, with SEMICON India 2026 marking a watershed moment: 25 strategic collaborations, global participation from 52 countries, and five semiconductor projects already in commercial production. This positions India as a credible global hub for chip manufacturing, design, and supply chain resilience.

On the occasion, the Union Minister, Ashwini Vaishnaw, unveiled India’s first indigenous System‑on‑Module — IndieSemiC’s ISC VegaSOM — which combines C‑DAC’s Vega‑Thejas32 processor with IndieSemiC’s globally certified LoRa‑RF module.

Developed under C‑DAC’s Industry Support Centre initiative, this breakthrough marks a pivotal step in India’s semiconductor journey. It showcases how Indian design firms, empowered by the DLI program, are not only innovating but successfully delivering market‑ready products. With chips now integrated into final applications, India is steadily transforming into a true product nation.

Key Highlights from SEMICON India 2026

• 25 Strategic Announcements: Covering semiconductor manufacturing, advanced packaging, logistics, chip design, power electronics, and workforce development.
• Global Participation: Over 600 exhibitors (300 international), 12,000+ visitors on Day 1, and delegations from Japan, Singapore, South Korea, Netherlands, Belgium, Sweden, Malaysia, and the U.S.
• Commercial Production: Five semiconductor projects already operational, exporting products globally.
• Policy Push – ISM 2.0: Backed by ₹1,000 crore allocation in Union Budget 2026–27, focusing on equipment manufacturing, advanced nodes (3nm, 2nm), and supply chain fortification.

Major Collaborations Announced

• Tata Electronics: Partnerships with INOX Air Products (high-purity gases), Sumitomo Chemical (wet chemicals), Kelington Engineering (fab readiness), and Enomoto (advanced packaging).
• L&T Semiconductor Technologies: Deals with Virtual Forest (power electronics), Newen Systems (SiC modules), Fimer India (IGBTs), and Tata Electronics (consumer-grade camera modules).
• C-MET & Hindalco: Scaling indigenous raw materials for supply chain resilience.
• India Deep Tech Alliance (IDTA): Reported $263 million investments across 56 deep-tech firms.
• NIELIT Collaborations: With Siemens EDA, Tata Electronics, Singapore Polytechnic, and SEMI University to strengthen chip design education and workforce development.

Strategic Significance

• Supply Chain Localization: India is reducing dependence on imports by localizing gases, chemicals, and packaging.
• Sustainability Focus: Water recycling in fabs and closed-loop cooling in data centres highlight India’s push for resource-efficient infrastructure.
• Global Confidence: ASML and other toolmakers showcased next-gen lithography and wafer inspection solutions tailored for Indian fabs.
• Talent Development: ISM 2.0 aims to train 100,000 semiconductor engineers in five years, with cleanroom centres in Bengaluru, Noida, and Hyderabad.

India’s Semiconductor Opportunity

• Market Growth: India’s semiconductor market projected to reach $100–110 billion by 2030.
• Global Capability Centres: India hosts 7% of GCCs in semiconductors and employs 20% of the global chip design workforce.
• Strategic Goal: By 2029, India aims to design and manufacture chips for 70–75% of domestic applications, moving toward global leadership by 2035.

SEMICON India 2026, underway at Yashobhoomi in New Delhi until September 19, brings together over 600 companies and is projected to draw nearly 50,000 visitors. The event hosts representatives from 52 nations, more than 400 senior executives, and over 150 speakers. Showcasing global collaboration, the exhibition features six Country Pavilions — Japan, South Korea, Malaysia, the Netherlands, Singapore, and Sweden — alongside 12 State booths, a Startup Pavilion, Innovation Showcase, Student Hackathon, and a dedicated Workforce Development Pavilion.

PM Modi Inaugurates the SEMICON 2024 Conference; Key Takeaways from the SemiCon Speech

Prime Minister Narendra Modi inaugurated the SEMICON India 2024 conference today at the India Expo Mart in Greater Noida. This three-day event, running from September 11 to 13, aims to position India as a global hub for semiconductor manufacturing and technology. The theme for this year's conference is "Shaping the Semiconductor Future".

The conference will feature over 250 exhibitors and 150 speakers from around the world, showcasing India's semiconductor strategies and policies². PM Modi emphasized India's potential to become a reliable partner in the global semiconductor supply chain and assured stable and predictable policies to support the industry's growth.

In his speech at the SEMICON India 2024 conference, PM Modi highlighted several key points:

1. India's Semiconductor Vision: He emphasized India's ambition to become a global semiconductor hub, leveraging its talent pool and favorable policies.

2. Government Support: Modi assured that the government would provide stable and predictable policies to support the semiconductor industry, including incentives for manufacturing and research.

3. Global Partnerships: He stressed the importance of international collaborations and partnerships to strengthen India's position in the global semiconductor supply chain.

4. Innovation and Talent: The Prime Minister highlighted the need for innovation and skill development, encouraging investments in education and training to build a robust semiconductor ecosystem.

5. Sustainability: Modi also touched upon the importance of sustainable practices in semiconductor manufacturing, aligning with global environmental goals.

These points reflect India's strategic focus on becoming a key player in the semiconductor industry.

India has been actively developing policies to boost its semiconductor industry.

India Semiconductor Mission (ISM) is an initiative that aims to build a robust semiconductor and display ecosystem in India. It provides fiscal support for setting up semiconductor fabs, display fabs, and other related facilities.

The Production-Linked Incentive (PLI) Scheme offers financial incentives to companies that set up semiconductor manufacturing units in India. The goal is to attract global semiconductor companies to invest in India.

Design-Linked Incentive (DLI) Scheme focuses on promoting semiconductor design companies by providing financial support for their projects.

Besides, India has signed agreements with countries like the US and Japan to enhance bilateral collaboration on semiconductor supply chains.