India’s new semiconductor policy has attracted $12 billion in investment pledges from global and domestic firms, a figure announced by Technology Minister Ashwini Vaishnaw at the country’s flagship chip event in New Delhi on 13 September 2026.
The pledges follow the July launch of a fresh $13.4 billion semiconductor fund, which extends a prior $10 billion subsidy program that helped Tata Group and Micron Technology set up fabrication and assembly plants in the country.
Among the movers is Applied Materials, which committed $5 billion over the next decade, and Lam Research, which will spend roughly $1 billion in a local facility. Micron’s CEO Sanjay Mehrotra said the company will test and assemble hundreds of millions of chips in India in 2027 after ramping up output from its current plant.
Tata Electronics added five new accords at the conference, partnering with Nexperia BV and Fujifilm Corp. to build a wafer‑making, assembly, and raw‑material chain around its Dholera plant in Gujarat. CTO Randhir Thakur told reporters the focus now is on how fast and how deep the ecosystem can grow.
A 30‑year‑old engineer working at the Tata facility said the new investments would create over 5,000 jobs in the region, giving local families a new source of income.
With the pledges slated for rollout over the next two to three years, India is poised to launch the first fully integrated semiconductor plant by 2035, marking a decisive step toward self‑reliance in chip manufacturing.