INDIA SEMICONDUCTOR MISSION
Global MNCs are looking for JVs in India's semiconductor sector: Yes Securities
Multinational companies from around the world are showing growing interest in partnering with local firms through joint ventures to begin operations in India's semiconductor industry, a report by Yes Bank's subsidiary Yes Securities observed after visiting Semicon India 2025.
MosChip Technologies shares skyrocket 42% in 1 week. Here’s why the stock hit record high today
Moschip Technologies hit a 52-week high after a 42% weekly surge, driven by record trading volumes and optimism around India’s semiconductor push. With no institutional holdings, retail investors dominate ownership. Strong technical indicators show bullish momentum, though RSI suggests overbought levels. Government ISM 2.0 plans add further tailwinds.
Festive cheer with GST 2.0; Amazon’s $200 million NBFC bet
Happy Friday! Ecommerce is expected to win big this festive season on the back of new GST relief. This and more in today’s ETtech Morning Dispatch.
Union minister Ashwini Vaishnaw launches India's first lithium-ion battery plant in Haryana
TDK Corporation's unit will manufacture 20 crore battery packs that will be used in mobile phones, wearables, hearables, and laptops. The factory, which has been set up under the Centre's Electronics Manufacturing Cluster (EMC) scheme and an investment of around Rs 3,000 crore, will create 5,000 jobs.
Moschip Technologies shares skyrocket 19% amid India's semiconductor push
Moschip Technologies' shares saw a significant rise. This followed Prime Minister Narendra Modi's push for India's semiconductor industry. He highlighted India's potential in the global market at the Semicon India 2025 Summit. The government is working on the second phase of the India Semiconductor Mission. This aims to accelerate growth with new reforms. Investments have already reached Rs 1.
Import duty waivers can power India's semiconductor mission: Polymatech's CEO
Polymatech Electronics CEO Eswara Rao Nandam advocates for income tax holidays and import duty waivers on semiconductor equipment to boost India's manufacturing capabilities. He also highlighted the need for uninterrupted power supply and readily available gases. The government's Semiconductor Mission 2.0 and PLI scheme signal significant progress in India's semiconductor journey.
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India most promising destination for semiconductor manufacturing, PM tells CEOs
Prime Minister Narendra Modi pitched India as the most promising destination for semiconductor designing and manufacturing on Wednesday . The Ministry of Electronics and Information Technology is currently framing the contours of ISM 2.0. The first version of the ISM was launched in 2020 and has so far secured investments worth Rs 1.5 lakh crore across 10 semiconductor projects, which are currently in various stages of completion.
RIR Electronics to set up Rs 618 crore silicon carbide semiconductor facility in Odisha: Company executive
RIR Power Electronics will invest Rs 618 crore to set up a silicon carbide semiconductor facility in Bhubaneswar with Odisha government support. The two-phase project, completing by 2027, targets high-voltage SiC wafers and devices.
PM Modi’s fab plan to change the world and boost India’s Atmanirbharta
India is aggressively pursuing its ambition to become a semiconductor hub, driven by the vision of Atmanirbhar Bharat. The nation is making strides in chip design, manufacturing, and ecosystem development, supported by government initiatives and investments.
India missed the chip bus. Now it's playing catch up
India has started manufacturing semiconductor chips. Prime Minister Narendra Modi received the first made-in-India chip. This marks a significant step after years of missed opportunities. The government is investing heavily to boost domestic chip production. The goal is to reduce reliance on foreign suppliers. India aims to become a key player in the global semiconductor market.
Tata Electronics, Merck sign MoU to boost semiconductor materials and infra in India
The companies have come to an understanding whereby Merck will offer its full suite of products and services, including high-purity electronic materials, advanced gas and chemical delivery systems, turnkey fab infrastructure services, and its Material Intelligence solutions powered by AI, for Tata Electronics' upcoming Fab in Dholera, Gujarat.
Govt aid for semiconductor projects to continue, design-linked sops to expand: IT Secretary
The Indian government is considering extending incentives for critical semiconductor projects, potentially covering up to 70% of project costs through central and state support. Electronics and IT Secretary S Krishnan announced plans to broaden the Design Linked Incentive (DLI) scheme to include larger domestic companies and increase grant amounts.
India will command major share of $1 trillion global semiconductor market: PM Narendra Modi
India is set to play a major role in the $1 trillion semiconductor market, said PM Modi at Semicon India 2025. He highlighted $18 billion in investments, chip design progress, and a new $1 billion deeptech fund. Commercial chip production is expected by year-end, with strong global and academic collaboration.
Vikram-32 chip: What are the features of India’s first desi microchip built by ISRO?
India unveiled its first indigenous 32-bit processor, Vikram-32, developed by ISRO's Semiconductor Laboratory. This milestone signifies India's advancement towards semiconductor self-reliance, with the chip validated in space during the PSLV-C60 mission. The processor's robust design suits various sectors, and the government supports semiconductor growth with multiple projects and investments, positioning India as a key player in the global semiconductor landscape.
Semicon India 2025: Ashwini Vaishnaw presents first made-in-India Vikram 32-bit processor to PM Modi
India unveiled its first indigenous 32-bit microprocessor, Vikram, at Semicon India 2025, marking a significant stride in semiconductor manufacturing. Developed by ISRO, the chip is designed for space launch vehicles, reducing reliance on imports. With five semiconductor units under construction, India aims to become a hub for chip manufacturing and design, driven by stable policies and economic growth.
Around 20% of world's chip design engineers based in India, key to global semiconductor ecosystem: Report
India has emerged as a crucial hub in the global semiconductor design ecosystem, hosting approximately 20% of the world's chip design engineers. While U.S. engineers define chip architecture and strategy, Indian teams excel in implementation, testing, and optimization. Government initiatives like the Semicon India Programme further aim to strengthen India's role in the semiconductor value chain.
Union Minister Piyush Goyal meets Lam Research CEO to discuss India's semiconductor growth
Union Minister Piyush Goyal met with Lam Research's CEO to discuss the company's India growth plans, focusing on building a next-gen semiconductor ecosystem. This follows Lam Research's significant investment of over Rs 10,000 crore in India, a move hailed as a major vote of confidence in the country's semiconductor vision.
ETSA 2025 winners are here; Job cuts at MPL
The winners of the 11th edition of The Economic Times Startup Awards are here. This and more in today’s ETtech Top 5.
India's semiconductor consumption to rise multifold to $100-120 billion by 2030: L&T Semiconductor Technologies' CEO
India's semiconductor consumption is projected to surge to over USD 120 billion by 2030, driven by increasing demand. To foster domestic production, the ICEA launched a Semiconductor Product Design Leadership Forum, aiming to establish India as a global hub for semiconductor design and innovation.
Chip mission 2.0 to prioritise silicon carbide wafer making
The push for SiC wafers comes as they operate at higher voltages, temperatures and frequencies, officials said. In semiconductor manufacturing, a wafer is a thin, circular slice of a crystalline semiconductor material, most commonly silicon, upon which integrated circuits are fabricated.
PM Modi heads to China for SCO summit after sealing 13 key pacts with Japan
Prime Minister Modi concluded a productive two-day visit to Japan, marked by 13 key agreements and a commitment to deepen the India-Japan special strategic partnership. Japan pledged an investment of 10 trillion yen in India over the next decade, alongside pacts boosting defence ties and economic cooperation. Following this, Modi departed for China to attend the SCO summit in Tianjin.
'Semiconductors are new steel to build India’s eco-tech security': CG Power’s Vellayan Subbiah
Murugappa group company’s chairman Vellayan Subbiah called semiconductors the “new steel,” stressing IP ownership as vital for economic security. Through Axiro Semiconductor and an OSAT plant, the company targets design-led value, ecosystem building, and global competitiveness to strengthen India’s technological autonomy.
First Made in India semiconductor chip to roll out soon from Sanand's CG plant: Ashwini Vaishnaw
Union IT Minister Ashwini Vaishnaw inaugurated CG Semi’s advanced OSAT facility in Sanand, Gujarat, marking India’s first chip production milestone.
Chips fall in place for India: Ten approved semicon units across nation, projects underway
The total approved semiconductor projects' cumulative investments have reached around Rs 1.6 lakh crore in six Indian States.
PM Modi hails Make in India, shares how govt is addressing rare earth shortage issue
Prime Minister Narendra Modi addressed rare earth element supply concerns. He highlighted the National Critical Minerals Mission. This aims to boost domestic exploration. The 'Make in India' initiative is advancing semiconductor manufacturing. Electronics, mobile, and defence production have significantly increased. India is focusing on futuristic industries. States are urged to create investor-friendly policies. This encourages investment and national growth.
TPG beats Advent to emerge frontrunner for Tessolve stake; to invest $140–150 million
TPG Inc. is leading the race to acquire a significant minority stake in Tessolve, a semiconductor design and engineering company primarily owned by Hero Electronix. TPG's growth fund has entered into an exclusivity agreement with Tessolve for final negotiations, surpassing Advent International's bid, valuing Tessolve at $475-500 million.
India steps into 4th Industrial Revolution: What can happen
India is poised to enter the core of the Fourth Industrial Revolution with its first indigenously made chip expected by the end of 2025. This marks a significant step towards self-reliance and strategic autonomy, reducing dependence on imports and fostering a resilient, future-ready industrial base.
Government may announce 2-3 small semiconductor projects: MeitY
India's semiconductor ambitions are gaining traction as the Ministry of Electronics and Information Technology considers unveiling additional projects under Semicon 1.0, fueled by leftover funds. SEMICON India 2025 is set to be a grand affair, with Prime Minister Modi inaugurating the event, reflecting growing global confidence in India's semiconductor manufacturing potential.
Govt commits 97% of funds earmarked for chip manufacturing
The Indian government has committed approximately Rs 62,900 crore, 97% of the Rs 65,000 crore fund, as incentives for semiconductor production. With limited funds remaining, only a few small projects can be accommodated. The Semicon India 2025 event, featuring delegates from 33 countries and top executives, will be inaugurated by Prime Minister Narendra Modi from September 2-4.
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