US Passes Russia Sanctions Bill; 100% Tariff Threat Looms Over India & China

Addressing the fifth edition of SemiCon India, the speaker highlighted India's rapid strides in building a comprehensive semiconductor ecosystem, spanning chip design, manufacturing, testing capabilities, and material supply chains.

The address outlined key economic milestones, including a 7.8 percent quarterly GDP growth rate, sovereign rating upgrades, and the operationalisation of a 3000-kilometre Dedicated Freight Corridor.

Emphasising the transition from policy frameworks to commercial chip production at facilities in Mohali and Surat, the speaker announced the rollout of the second phase of the India Semiconductor Mission, valued at 13.5 billion dollars.

Key reforms allowing international partnerships with domestic design startups and fabless firms were highlighted.

Addressing challenges posed by artificial intelligence and rising computing demands, the address stressed the importance of energy security, pointing to India's installed solar capacity expanding from two gigawatts to over 160 gigawatts alongside nuclear power development.

The speech underlined India's emergence as a trusted global supply chain destination.