$10 bn chipmaking push: Semiconductor sector will be on par with US by 2032, says Vaishnaw; calls it ‘very fair race’

India aims to rival global chipmaking leaders like the US and China within a decade, with plans advancing rapidly. The government’s $10 billion incentive scheme is foundational, fostering manufacturing, assembly, and design capacity. By 2031-2032, India expects to achieve parity with current global leaders, leveraging its engineering talent and design capabilities.