New Delhi, NFAPost: Outlining the relentless momentum of the sector, Prime Minister Narendra Modi inaugurated the 5th edition of SemiconIndia 2026 and highlighted the expansion of the India Semiconductor Mission budget from $8 billion in Semicon 1.0 to USD 13.5 billion for Semicon 2.0.
Addressing the gathering, Prime Minister Shri Narendra Modi highlighted India’s execution velocity and macro resilience with 7.8% quarterly GDP growth, 3,000 km of operational dedicated freight corridors, a sovereign rating upgrade and a successful BRICS Summit hosted by India.
“India is taking every step needed to become a preferred destination for the semiconductor industry and that the world is looking for new and trusted manufacturing destinations. Chips manufactured in India are now available within the country and around the world,” said Prime Minister Narendra Modi.
He highlighted that commercial production began recently at two semiconductor plants in Mohali and Surat, adding that it is not easy for any country to reach this stage.
Detailing the vision for a robust domestic supply chain, the Prime Minister urged leaders in equipment, chemicals, gases, and materials to capitalize on the golden opportunities presented by the twelve approved projects and an expanding demand pipeline. “We want the entire ecosystem to grow together,” asserted the Prime Minister.
Prime Minister Shri Narendra Modi virtually inaugurated commercial production lines at CDIL Semiconductor, Mohali for discrete devices and Suchi Semicon, Surat for packaging. This has resulted in five operational commercial semiconductor ATMP units, alongside Micron, Kaynes, and CG Semi, out of the twelve approved units under Semicon 1.0.
Strategic MoUs and announcements spanning design, fabrication, packaging, materials, equipment and skills involved Tata Electronics, Kaynes Semicon, Intel, Nexperia, CDIL Semiconductors and their partners.
Key outcomes included India’s first commercial QFN chip by Suchi Semicon and eInfochips, integration of the India-designed SenseSoC-200 chip into smart meters, six ChipIN Regional Centres and HORIBA India’s KOACH Experience Centre.
The opening day featured focused sessions charting India’s transition from foundational policy planning to large-scale execution across the silicon value chain. These sessions covered AI-enabled chip design and manufacturing, advanced packaging, next-generation manufacturing, equipment R&D and workforce development.
SEMICON India 2026 which runs till September 19th at Yashobhoomi, New Delhi, features more than 600 participating companies and is expected to attract around 50,000 visitors, with representatives from 52 countries, more than 400 executives and over 150 speakers. The exhibition features six Country Pavilions representing Japan, South Korea, Malaysia, the Netherlands, Singapore and Sweden, along with 12 State booths, a Startup Pavilion, Innovation Showcase, Student Hackathon and Workforce Development Pavilion.
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