India could have 5-6 semiconductor projects in production by the end of 2026
India's semiconductor story is moving beyond government announcements and into actual manufacturing.
MeitY secretary S Krishnan says five to six semiconductor projects could be in commercial production by the end of 2026, with three projects already having started production.
The bigger shift is ISM 2.0, which expands the focus beyond fabs to:
- Chip design and advanced packaging
- Semiconductor equipment and materials
- Silicon photonics and power semiconductors
- R&D and manufacturing talent
India already has a strong semiconductor design workforce, but manufacturing remains the weak link. The government says building that workforce will be a major priority.
Domestic semiconductor demand is also expected to reach around $200 billion, up from roughly $100 billion.
If India can actually get multiple fabs and packaging facilities running at scale, this could be the point where "India's semiconductor ambitions" start becoming an actual industrial ecosystem.
The real question: can India turn these projects into globally competitive semiconductor manufacturing, or will we remain stronger at chip design than chip production?