How India is pursuing self-sufficiency in the semicon chip value chain

In September 2024, India and Singapore signed an MoU to partner and cooperate in semiconductors. Within a few weeks, India’s semiconductor chip manufacturing aspirations were bolstered by an agreement with the US to establish a joint semiconductor fabrication plant in India.

Many countries are vying to build resilient semiconductor supply chains amid rising chip import prices. PM Modi has long positioned India as a semiconductor hub alternative. He reiterated this in his recent pitch to chipmakers at India’s most recent SEMICON conference in 2024.