India has promised a major role in the global chip sector, with the Semiconductor Mission entering a new phase after early successes
The first phase delivered India’s first locally made chips, backed by heavy subsidies and global collaborations
The second phase shifts focus to building a strong ecosystem, as sustaining massive subsidies is no longer viable
Success will depend on targeting areas where dependence on China is risky and ensuring stable trade policies
Other nations have acted faster—Israel, the US, and Japan cleared chip funding in months, while India took over a year
To compete globally, India must move quicker, rethink its support model, and provide clear incentives to top chipmakers