India has emerged as one of the most ambitious countries pushing the semiconductor revolution within. Now, the country has got a big push after American chipmaking company Lam Research announced that it will invest around ₹ 10,000 crore to help India develop a reliable chipmaking ecosystem. India’s Union IT Minister, Ashwini Vaishnaw, revealed information about the investment on Tuesday and said that this is a testament to the vision created by the PM of India, Narendra Modi.
He wrote in an X post, “One more milestone in our semiconductor journey: Lam Research announces major investment of over Rs 10,000 cr in India. Big vote of confidence in PM @narendramodi Ji’s semiconductor vision.”
The Indian government has long been looking for ways to expand its semiconductor-making capabilities, and with this investment, things are closer than ever. To make this dream a reality, the government of India has launched the Indian Semiconductor Mission or ISM. Under this mission, five semiconductor units have been approved. They will receive subsidies from the central and state governments to develop the semiconductor and display manufacturing ecosystem in India, with a total outlay of around ₹76,000 crore or $8.7 billion.
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So far, the Indian government has approved various key semiconductor projects, including Micron’s Sadanand facility, a chip fabrication plant by Tata Electronics Private Limited (TEPL) in collaboration with Taiwan’s Powerchip Semiconductor Manufacturing Corp (PSMC), and a venture by CG Power in partnership with Japan’s Renesas Electronics Corporation and Thailand’s Stars Microelectronics.
