India expands domestic semiconductor manufacturing strategy
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New Delhi launched the second phase of its domestic semiconductor mission with a $13 billion budget to build an industrial ecosystem spanning from chip design to manufacturing. This expansion followed global chip shortages during the Covid-19 pandemic, which exposed a heavy reliance on a limited number of East Asian manufacturers. To date, India approved 12 semiconductor projects across six states, with companies including Micron, Keynes Semicon, and CG Semi beginning commercial production in 2024. The strategy aims to transition from basic assembly and testing to developing a large manpower pool capable of advancing India's position along the semiconductor value chain.
Consequences
The increased budgetary support and expansion into the full supply chain may accelerate the development of a localized industrial ecosystem. By focusing on workforce development, India intends to transition its semiconductor sector from foundational assembly toward higher-value activities like chip design.
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