In a recent interview, Indian Commerce Minister Piyush Goyal revealed that India is making steady progress in the chip fabrication space. By 2026, India hopes to fabricate the first of their kind, Made-in-India chips.
India’s goal to transform into a frontrunner in the global semiconductor space has piqued the interest of US chipmakers, including Nvidia, AMD, and Micron. “I’m in touch with the Micron CEO regularly, and they are making good progress,” Goyal said. American chip giants view India as a market with untapped potential in Asia. The Indian government’s recent push for AI advancements also plays a vital role in mobilizing its most abundant resource—labor. Goyal recognizes that “it is a tough job,” but India comes geared with the necessary “talent and skills” to champion noteworthy advancements.
Indian behemoths like Tata are leading India’s tech charge. Goyal cited that “14% of the world’s iPhones are manufactured in India.” A statistic the Indian government aims to grow in the years to come. Apple’s Made-in-India iPhones, iPads, AirPods, and Apple Watches have contributed to the creation of 150,000 manufacturing jobs across India.
India anticipates a flourishing domestic semiconductor industry as American tech giants like Nvidia, Google, and Microsoft enter the Indian market. There is also a push to reduce the global reliance on China as a manufacturing hub. “India… is not dependent on China. We stand on our competencies, on our capabilities, and we believe we have an offering that is far superior to China,” Goyal remarked.
However, analysts remain vigilant about India’s systemic roadblocks like “poor infrastructure, bureaucracy, and red tape that have slowed down corporate expansion plans” in the past.
