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Modi inaugurates SEMICON India 2026 as chip projects expand

By Drooid · Sep 17, 2026, 10:07 AM UTC · How we work

Summary

Story summary

Prime Minister Narendra Modi inaugurated fifth SEMICON India 2026 conference in Yashobomi, New Delhi, on 17 September 2026.
The event highlighted India’s aim to become a trusted global semiconductor manufacturing hub.
India Semiconductor Mission 2.0 now totals $13.5 billion, up from $8 billion in Phase 1.
Twelve chip-making projects have been approved, with three already in commercial production.
Tata Electronics will sign 16 MoUs with domestic and foreign partners during the conference.

History

Historical Context

After the U.S. CHIPS and Science Act was signed on August 9 2022, allocating $52 billion to revive domestic chip production, a wave of fab announcements—from TSMC’s Arizona plant (2020) to Intel’s Ohio expansion (2022)—spurred global competition. Building on that momentum, Prime Minister Narendra Modi launched India’s Semiconductor Mission 2.0 in 2024, earmarking $13.5 billion for twelve new fabs and joint projects with firms such as Tata Electronics.

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Story summary

Prime Minister Narendra Modi inaugurated fifth SEMICON India 2026 conference in Yashobomi, New Delhi, on 17 September 2026.
The event highlighted India’s aim to become a trusted global semiconductor manufacturing hub.
India Semiconductor Mission 2.0 now totals $13.5 billion, up from $8 billion in Phase 1.
Twelve chip-making projects have been approved, with three already in commercial production.
Tata Electronics will sign 16 MoUs with domestic and foreign partners during the conference.

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