Bhubaneswar, Sep 19, 2026: Prime Minister Narendra Modi inaugurated SEMICON India 2026 at New Delhi, underscoring the government’s commitment to establishing India as a semiconductor powerhouse.Against the backdrop of Semicon 2.0 moving into its next phase through six strategic pillars -Design, Machines and Materials, Setting up more Fabs, Strengthening the ATMP/OSAT industry, Research & Development, and Talent Development withexpanded budget of Rs 1,27,500 crore, the flagship event marks a watershed moment for the country’s chip manufacturing ambitions.
Addressing the inauguration, PM Modi drew parallels between India’s semiconductor trajectory and the semiconductor industry’s concept of “tape-out”—not an endpoint, but the genesis of the next generation. “No nation builds a semiconductor ecosystem overnight; it takes decades of capability-building,” PM Modi said. “Yet with the partnership of industry leaders, India has compressed that timeline into something remarkable.”
Addressing the media during SEMICON India 2026, Union Minister for Electronics and Information Technology, Shri Ashwini Vaishnawsaid that investment commitments of around ₹1 lakh crore (approximately USD 11–12 billion) have already been received under the Semicon 2.0 ecosystem. These commitments are expected to translate into significant economic activity and employment, with close to 1 lakh new employment opportunities expected to be created across the semiconductor ecosystem. The investments are expected to materialize over the next two to three years, with companies announcing their respective investments as and when they receive the required board and shareholder approvals.
Ashok Chandak, President, SEMI India and IESA said, “The successful two days of SEMICON India 2026 have demonstrated the growing confidence, commitment and momentum behind India’s semiconductor journey. The inauguration by Hon’ble Prime Minister Shri Narendra Modi ji has given this journey an even stronger national and global dimension. With 50+ MoUs and major announcements, more than $7 billion in investment commitments, commercial launches, global CxO participation and strong industry engagement, SEMICON India 2026 has showcased the scale at which the ecosystem is now taking shape. And this is only the beginning—more investments, partnerships and opportunities are in the pipeline. India is moving from building credibility to building capability, and steadily positioning itself as a trusted and competitive player across the global semiconductor value chain.”
First two days of SEMICON India 2026 brought together a total of 28,000 on ground participants including policymakers, global semiconductor leaders, Indian industry, researchers, startups, academia and students for deliberations spanning manufacturing, supply chains, Research and Development (R&D), international partnerships, chip design, advanced packaging, materials and talent, reflecting India’s progress towards an integrated and globally competitive “Silicon to Systems” ecosystem.
Reinforcing the strong momentum that is reflected in the event over first two daysMr. Ashok Chandak, President, SEMI India and IESA said: “The energy at SEMICON India this year speaks for itself — from the exhibition floor to the hackathon, the startup pavilion to the country roundtables and a series of strategic collaborations across semiconductor materials, manufacturing, power electronics, advanced packaging, logistics, design and skilling involving Indian and global ecosystem partners,it’s clear — this is a movement, not a moment, and India’s semiconductor journey is accelerating.”
The MoU press briefing on day 1 and day 2 of SEMICON India 2026 witnessed a milestone moment with Union Minister for Electronics and Information Technology Shri Ashwini Vaishnaw witnessing several MOU’s and products marking a significant step forward for India’s semiconductor ecosystem.
