$12 billion semiconductor bet: Semicon 2.0 draws fresh investment proposals
India has received investment proposals worth $11-12 billion under the second phase of its semiconductor programme, as the government looks to expand the domestic chip industry’s network of suppliers, IT Minister Ashwini Vaishnaw said on Thursday.
Speaking to the press at Semicon India 2026, Vaishnaw said the proposals span semiconductor equipment, materials, gases, chemicals and substrates. The investments are expected over the next two to three years, although he did not identify the companies involved.
