India Aims to Be Top Chip Producer by 2035; 4 Firms Start Production in 2026: Vaishnaw

• Union Minister Ashwini Vaishnaw stated India targets top 4 semiconductor nations by 2032, best by 2035, driven by talent.
• Four chip companies, including Kaynes, CG Semi, Micron, and Tata's Assam plant, to begin commercial production this year (2024).
• Government approved 22 projects (₹41,863 crore) under ECMS and 10 units (₹1.6 lakh crore) under Semicon India Programme.
• 24 chip design projects (₹920 crore) supported via startups under Design Linked Incentive (DLI) scheme.
• India boasts 298 universities where students design and validate chips, highlighting a strong talent focus.

Why It Matters: India is rapidly advancing to become a global leader in semiconductor manufacturing by 2035, backed by significant investments and talent development.