Strategic Rationale
Supply Chain Resilience and Global Chip Geopolitics
Semiconductors have become a strategic technology given their concentration in a few geographies (Taiwan for advanced fabrication, limited hubs for equipment/materials) and their centrality to electronics, automotive, defence and power systems. Global supply disruptions (notably during 2020-2022) accelerated countries' efforts, including the US CHIPS and Science Act (2022) and similar schemes in the EU and Japan, to diversify fabrication capacity.
- India's semiconductor demand is projected to grow substantially through the decade, driven by electronics manufacturing, automotive electrification and telecom equipment
- Domestic chip design capability (India has a large chip-design workforce serving global fabless companies) is distinct from domestic chip manufacturing capability, which ISM specifically targets
- The stated ecosystem goal includes multiple large manufacturers, several materials companies, advanced packaging facilities and over one lakh direct jobs
● Tracked since May 19, 2026 · last seen September 20, 2026 · updates as the daily brief publishes
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