Finance Minister Nirmala Sitharaman disclosed a Rs 40,000 crore allocation for semiconductors during the presentation of the Union Budget 2026 today. The 'India Semiconductor Mission 2.0' was announced by the Finance Minister in order to leverage the momentum of the semiconductor mission. Sitharaman stated that the
According to reports, L&T Semiconductor Technologies and Hon Young Semiconductor, a subsidiary of contract maker Foxconn, inked a long-term agreement on 14 October to collaborate on the development of high-voltage semiconductor wafers. According to the Economic Times, the two businesses would create wafers for industrial and automotive applications
On October 2, 2025, the Ministry of Electronics and Information Technology announced that more incentive applications had been submitted to the Electronics Component Manufacturing Scheme (ECMS) than the Union Cabinet had set as a goal. While the aim is just INR 59,350 crore, the IT Ministry has received applications
At the recently finished Semicon 2025, Prime Minister Narendra Modi presided over a roundtable conversation with executives from the global semiconductor sector, during which the industry shared their thoughts on the current projects and suggestions for the next iteration. During the last roundtable, one executive involved in the discussions told
Dixon Technologies, an electronics company, is in talks to establish a $3 billion display fabrication plant in India as part of its expansion into the electronics components market. During the Q3 results call, Dixon's managing director, Atul Lall, made the announcement. He claimed that the giant from Noida
A top official from Tata Consultancy Services (TCS) has stated that the conglomerate is working along with Tata Electronics Pvt Ltd to achieve its goal of introducing India's first chips that are created domestically by the year 2026, as reported by a media outlet, The news article cited
Reports indicate that government officials are contemplating a five-year extension of the budgetary assistance period under the second phase of the India Semiconductor Mission (ISM) to eight years. According to a senior government official, applicants whose projects are approved under ISM Phase II may be eligible for additional financial grants
Ashwini Vaishnaw, the Minister of Electronics and Information Technology, announced on 2 September 2024 that the cabinet had given its approval to a proposal put out by Kaynes Semicon to establish a semiconductor unit in Sanand, Gujarat, with an investment of INR 3,307 crore (exactly $394.15 million). Under