India, April 11 -- India is no longer merely a vast consumption market for electronics and smart devices; it is beginning to shape the technology that powers them. For decades, semiconductors, the invisible engines behind smartphones, cars, networks, and data centers, were almost entirely imported. This dependence left the country exposed to global supply shocks, price volatility, and geopolitical risks, vulnerabilities that became painfully clear during the global chip shortages of recent years. What once existed as policy debate and engineering ambition is now materializing into execution, with India integrating into the semiconductor value chain as both a designer and an emerging manufacturer.

At the center of this shift is the India ...