INDIA SEMICONDUCTOR INDUSTRY
ElevenLabs bets big on India; GCC jobs shift
ElevenLabs is planning to expand its voice AI platform to include all 22 Indian languages. This and more in today’s ETtech Top 5.
RDI fund: Call for proposals to reopen after review, to boost Viksit Bharat 2047, says TDB Secretary
In an effort to align with India's 2047 development goals, the Research, Development, and Innovation Fund was launched by Prime Minister Narendra Modi as a means to empower domestic enterprises. It seeks to stimulate private sector investment in R&D, with 400 applications now under assessment and plans to accept new submissions soon.
Top tech players, policymakers come together on Deepverse platform to develop deeptech
The Startup Policy Forum has launched DeepVerse, a groundbreaking initiative designed to bolster India's deeptech sector. This platform connects startups, investors, academics, and policymakers, fostering collaboration across ten sub-sectors, including biotech, quantum technology, and electric vehicles. With backing from influential investors and tech leaders, DeepVerse aims to create a robust policy framework that supports deeptech innovation in India.
It’s safety first for gas suppliers at Semicon Inc
Suppliers want detailed guidelines from the Petroleum and Explosives Safety Organisation (PESO), without which they believe commercial hubs face heightened risk of leaks, fires and process disruption.
Semiconductor push, govt support driving EMS sector's growth, but valuation remains a concern: How 3 stocks with most buy calls are placed
Investor enthusiasm around the sector is visible in the performance of nine EMS stocks covered by multiple brokerages. The group has delivered an equal weighted average return of 55.3% so far in 2026, compared with 1.1% for the Nifty 500 Equal Weighted Index. Seven of the nine stocks have delivered posi tive returns, while three have gained over 100%. The analysis is based on closing prices as of 28 September 2026.
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Govt pushes rare-earth magnet capacity as India seeks greater control over critical manufacturing inputs: Shaktikanta Das
The government is working to build domestic capacity for rare-earth permanent magnets, crucial for automobiles, electronics and other manufacturing, Principal Secretary-2 to the PM Shaktikanta Das said. The move follows China’s restrictions on rare-earth exports, which exposed India’s dependence on Chinese supplies, estimated at 80–90% of the global rare-earth magnet ecosystem.
GVC integration, supply chain resilience, FTAs key to boost exports, high-end manufacturing: Deloitte India
India needs deeper integration into global value chains, lower logistics costs and better use of free trade agreements to boost exports and move into higher-value manufacturing, according to Deloitte India. It also called for stronger supply-chain resilience, tariff rationalisation and greater support for MSMEs facing trade-finance, compliance and currency risks.
Canon in talks with those engaged in key chip projects in India, plans local service centres
Canon India President and CEO Toshiaki Nomura said the Japanese technology company has held discussions with key semiconductor manufacturers in India and plans to bring its lithography technology and service centres to the country. Canon sees a major opportunity in India’s growing chipmaking ecosystem and aims to support manufacturers as domestic semiconductor projects progress.
Piyush Goyal at G20: India has no ‘structural excess capacity’, rejects dumping concerns based on broad country-wide assumptions
India does not have structural excess manufacturing capacity in sectors flagged by the G20 presidency, Commerce Minister Piyush Goyal said, rejecting broad assumptions that could trigger trade measures. He called for border action to rely on specific, verifiable evidence and comply with WTO rules, while defending India’s manufacturing expansion.
Piyush Goyal says India does not have structural excess manufacturing capacity
Piyush Goyal said India does not have structural excess manufacturing capacity in sectors identified by the G20, arguing that Indian production caters to both domestic and global demand. Speaking at the G20 Trade Ministers' Meeting in the US, Goyal also stressed WTO rules, supply-chain diversification, forced labour concerns and the need to preserve policy space for developing economies.
India Mobile Congress turns 10, and the 2026 Edition lands in Delhi this October
India Mobile Congress 2026 is on from October 7 to 10 at Yashobhoomi, New Delhi. The Department of Telecommunications runs it with COAI. This is the tenth edition. "Scale Without Boundaries" is the theme, and the organisers are working with a footfall estimate north of 150,000 over the four days.
IMC 2026 to put DeepTech at centre of startup programme ASPIRE
India Mobile Congress 2026 will take place from October 7 to 10 at Yashobhoomi Convention Centre in New Delhi. The event will emphasise DeepTech and frontier technologies to support startups advancing from prototype to market. Over 500 startups and 300 venture capital firms are expected to participate, fostering connections through one-on-one meetings.
Foreign capital is slipping away. Can India lure investors back?
India faces a tougher battle for foreign capital as FPI outflows rise and global investors shift money towards AI, semiconductors and manufacturing hubs in Taiwan and South Korea. India’s FDI prospects remain resilient, but policy uncertainty, tariffs, regulation and weak manufacturing competitiveness could determine whether it can attract long-term global investment.
Yohan and Michelle Poonawalla make strategic investment in Optimized Solutions Ltd
The investment will focus on supporting indigenous technology, innovation and advanced manufacturing in areas spanning defence, aerospace, space and critical technologies, including nuclear power.
Srishti: Architecting the digital tomorrow at India Mobile Congress 2026
India Mobile Congress 2026, scheduled to take place in New Delhi from October 7 to 10, centers on enhancing global connectivity. With themes like growth, opportunity, trust, and future-building, the event will bring together top industry leaders to discuss advancements in technology and government initiatives aimed at establishing scalable digital frameworks for the future.
Double-engine government in West Bengal poised to witness "golden period" in coming days: Union Minister Jitin Prasada
Prasada stated that the Centre is planning to set up export facility centres in every district across the country so that industrialists can enjoy a seamless experience and greater ease of doing business, rather than having to travel to Delhi.
India’s international trade in times of AI
The Age of AI needs trade governance that deploys natural intelligence in conjunction with artificial intelligence for a quantum jump in speed and quality of decision making.
Linde deepens its India semiconductor footprint, locks in Sanand land parcel
The US-German company has acquired a land parcel in Sanand, Gujarat, for establishing its second facility in the region to capitalise on the state's emergence as a chip packaging centre, top company executives told ET. Linde is currently building an air separation unit in Dholera, Gujarat to service an upcoming semiconductor fab of the Tata Group. It also has an air separation plant in Dahej and packaged gases unit in Ahmedabad.
Electronics demand, global supply shifts, policy support driving India's semiconductor play: BCG top exec
India is well placed to build a deeper semiconductor ecosystem as domestic electronics demand rises, government incentives expand and global supply chains diversify, BCG’s Ankush Wadhera said. He expects AI to keep driving demand for GPUs, memory and compute, arguing that current AI-safety debates are “speed-breakers” rather than barriers to semiconductor growth.
AI, semiconductors, quantum to drive India's next infrastructure push: FM Sitharaman
Union Finance Minister Nirmala Sitharaman highlighted the need for investment in AI, semiconductor chips, and quantum technology. She stated that strengthening digital infrastructure will support AI adoption across various sectors. Additionally, Sitharaman underscored the importance of providing AI solutions to micro, small, and medium enterprises. She believes that achieving over 10 percent economic growth is possible with greater effort in all sectors.
FIIs unlikely to return in large numbers without new growth engines in India: Bernstein
Foreign Institutional Investors are expected to remain cautious regarding Indian equities over the coming year. A report indicates that significant foreign investment will depend on India's competitiveness in various sectors. Trends show that foreign investment patterns have shifted due to changing currency valuations and market dynamics. Despite recognizing early progress in sectors like semiconductors and deep-tech, these remain underdeveloped.
Tata Electronics hires two semicon veterans after some senior-level exits
The company has seen several high-profile exits on the construction side. Former Global Foundries executive KC Ang stepped down in December 2025 as president and head of Tata Semiconductor Manufacturing after less than a year in the role. Intel Israel's Reda Masarwa, former senior vice president, construction and facility at Tata Electronics, exited after a little over a year and a half.
Govt starts consultation to develop indigenous chips, modules for power grids
According to details shared by MeitY on its website, the initiative aims to build domestic capability across the power semiconductor value chain - device design, module engineering, fabrication, packaging, assembly, testing, qualification and system integration.
India's semiconductor opportunity expanding beyond fabs: Report
India's semiconductor sector is expanding beyond chip fabrication into a complete ecosystem. This growth includes chip design, materials, and advanced packaging services. The government's Semicon 2.0 program supports this expansion with significant financial outlays. Global companies are investing in India's semiconductor supply chain development and research. India aims to capture more value by developing intellectual property and product ownership.
India needs to move beyond chip manufacturing, use Indian chips in products designed and made locally: Report
India’s next phase of semiconductor growth should focus beyond manufacturing capacity on building a domestic ecosystem where chips designed, produced and packaged in India are used in locally designed products, an EY-IESA report said. With semiconductor consumption projected at $200 billion by 2035, the report called for greater downstream value creation.
India attracts $12 billion for chipmaking as global firms join the push: What it means for the sector
India is witnessing a surge in investment commitments under its ambitious semiconductor policy, with both global and domestic players pledging billions. Major firms such as Applied Materials and Lam Research are gearing up for noteworthy investments, while Micron Technology is set to initiate local testing and assembly of millions of chips. Meanwhile, Tata Group is enhancing its semiconductor supply chain through innovative partnerships.
Domestic demand, labour supply give India structural advantage in semiconductor push: Bain & Co
India's strong domestic demand and demographic dividend give it an advantage in the global semiconductor race, but access to core technology remains a key hurdle, said Balaji Thirumalai, Partner and India Head of Semiconductors and Electronics Manufacturing Practice at Bain & Company. He said Semicon 2.0's focus on talent, fabs, OSATs, design, equipment and materials is needed to build a complete ecosystem.
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