How new semiconductor fabrication chip will power India towards growth

India has also signed an MoU with the USA on establishing a semiconductor supply chain and innovation partnership

Electronics and Information Technology (IT) Minister Ashwini Vaishnav announced on Tuesday that the first semiconductor fabrication (fab) chip is slated for announcement in a few weeks, and India is poised for a thriving and expanding chip industry and manufacturing ecosystem in the following three to four years.

According to a report released by Deloitte, the Indian semiconductor business would generate $55 billion in revenue by 2026. A senior state government official had told the media on February 20, 2023, that the Vedanta-Foxconn JV had decided on the Dholera Special Investment Area near Gujarat as the site for their semiconductor and