India is going all-in on mature-node semiconductor manufacturing
India is stepping up in the global chip game by focusing on mature-node semiconductor manufacturing—think 28nm-65nm tech, which powers things like cars, telecom gear, and industrial electronics.
The goal? To become a trusted supplier in the international supply chain while making good use of India's growing tech ecosystem.
The government has approved 4 new projects
The government kicked off the Semicon India Programme back in 2021, putting ₹76,000 crore on the table to boost local chip production (with an emphasis on mature nodes rather than cutting-edge ones).
Fast forward to now: four new projects worth ₹4,600 crore just got approved across Odisha, Andhra Pradesh, and Punjab.
Plus, a brand-new factory is coming up in Jewar, Uttar Pradesh—thanks to a joint venture between HCL Group and Foxconn—all part of India's push to cut import dependence and grab a bigger slice of the global market.