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US chipmaker Micron Technology is set to start commercial semiconductor production at its $2.75 billion plant in Sanand, Gujarat, by the end of February.
The deets: speaking at the World Economic Forum in Davos, IT Minister Ashwini Vaishnaw said pilot production is already underway at multiple approved chip facilities.
He added that four chip firms are on track to start commercial production in 2026, with projects backed by Micron, Tata, Kaynes, and CG Semi currently in pilot and trial phases.
Why it matters: India wants to become a reliable hub for global chip supply chains and reduce its dependence on imported semiconductors.
In 2022, the Indian semiconductor market was valued at $26.3 billion and is projected to expand at an annual rate of 26.3% to $271.9 billion by 2032. This, driven by demand from smartphones, cars, factories, and data centers.
To push this, the government launched a semiconductor and display manufacturing program in 2021 with an outlay of ₹760 billion and set up the India Semiconductor Mission (ISM) to lead the effort.
