India Clears 12 Chip Projects Worth ₹1.64 Lakh Crore Total

India's Semiconductor Investment Portfolio at a Glance

India's semiconductor manufacturing investment pipeline has expanded to 12 approved projects representing aggregate approved investment of ₹1.64 lakh crore, according to government data compiled through mid-2026. The portfolio spans six Indian states, multiple technology nodes, and a range of semiconductor product categories from conventional silicon DRAM packaging to compound semiconductor wafer fabrication and advanced glass substrate packaging, reflecting the breadth of the India Semiconductor Mission's technology strategy under both ISM 1.0 and the newly launched ISM 2.0.

Project Breakdown by Technology

The 12 projects include Micron Technology's DRAM and NAND ATMP facility in Sanand, Gujarat; Kaynes Semicon's multi-chip module OSAT in Sanand; CG Semi's automotive and consumer chip OSAT in Sanand; Tata Electronics' 300mm front-end wafer fab in Dholera; SiCSem's silicon carbide fab in Odisha; 3D Glass Solutions' glass substrate advanced packaging facility in Odisha; ASIP Technologies' OSAT in Andhra Pradesh; Continental Device India's Mohali expansion; two GaN-focused projects in Gujarat covering display modules and compound semiconductor foundry services; Sahasra Semiconductors' Bhiwadi ATMP unit; and at least one additional approved project completing permitting and site preparation.

Six States, One National Strategy

The geographic spread of approved projects across Gujarat, Odisha, Andhra Pradesh, Punjab, Rajasthan and Karnataka reflects the ISM's intentional design to build semiconductor manufacturing capability across multiple states rather than concentrating all investment in a single geography. Each state has contributed different incentive packages, land availability, infrastructure capacity and industrial ecosystem attributes to attract specific types of semiconductor investment, creating a degree of healthy competition that has raised the quality of state-level semiconductor policies across the country.

Employment and Supply Chain Impact

The 12 approved projects are collectively expected to create tens of thousands of direct jobs in semiconductor manufacturing, testing, quality control, and engineering roles, with a multiple of that number in indirect employment across materials, equipment, logistics, infrastructure and support services. More strategically, the concentration of semiconductor investment is beginning to attract supply chain players including chemical suppliers, precision parts manufacturers, wafer handling equipment providers and specialty gas companies to evaluate India for regional operations.

From Approvals to Production

Of the 12 approved projects, three are already in commercial production as of mid-2026, with two more expected to complete construction and begin qualification before year-end. The remaining projects span a timeline of one to four years to reach commercial production, with the most complex, Tata Electronics' Dholera wafer fab, targeting initial production in December 2026 and full ramp over 2027-2028.

Global Context

India's 12-project semiconductor portfolio, representing over $19 billion in committed capital, places it among the top five countries globally by semiconductor manufacturing investment announced since 2023, alongside the US CHIPS Act buildout, the European Chips Act projects, Japan's RAPIDUS and Kumamoto initiatives, and South Korea's own semiconductor cluster expansion. For a country that had no commercial semiconductor manufacturing five years ago, the scale and pace of India's buildout is drawing attention from global supply chain planners who had previously discounted India as a manufacturing location.