India Approves Three Semiconductor Fabs Worth $30 Billion to Build Domestic Chip Industry

India has approved three semiconductor fabrication projects totaling over $30 billion, marking a decisive step toward building an independent domestic chip manufacturing industry. In July 2026, the Ministry of Electronics and Information Technology cleared the investments, with Tata Group leading a $12 billion push to build a 28-nanometer wafer production facility in Gujarat, while Micron Technology committed $8 billion to expand advanced packaging and testing capabilities at its existing plant in the same state. A joint venture between an Indian domestic company and Japan's Renesas Electronics will construct a 45-nanometer specialty process fab targeting analog chips and power devices.