The Indian government has already used up almost all the money it set aside to boost semiconductor manufacturing. Out of the ₹65,000 crore meant for chip-making incentives, about ₹62,900 crore (97%) has already been committed, leaving space for only a few smaller projects.
This announcement was made by Electronics and IT Secretary S. Krishnan while talking about the upcoming Semicon India 2025 event.
The funding is part of the ₹76,000 crore India Semiconductor Mission, which is divided into:
- ₹65,000 crore for chip production,
- ₹10,000 crore to upgrade the Semiconductor Laboratory in Mohali,
- ₹1,000 crore for a design-linked incentive scheme.
Krishnan said, “We may only have funds left for two or three small projects.”
The Semicon India 2025 event will be held in New Delhi at Yashobhoomi from September 2 to 4. The event will bring together representatives from 33 countries and more than 50 top executives from leading global semiconductor companies. Prime Minister Narendra Modi will inaugurate the event.
Industry leaders from companies such as Applied Materials, ASML, IBM, Infineon, KLA, Lam Research, Merck, Micron, PSMC, Rapidus, Sandisk, Siemens, SK Hynix, Tata Electronics, and Tokyo Electron are expected to attend.
So far, the government has approved 10 major projects in important areas like:
- High-volume fabrication units (fabs),
- 3D chip packaging,
- Compound semiconductors (such as silicon carbide),
- Outsourced semiconductor assembly and testing (OSAT).
