In this video fireside chat, EE Times’ senior India correspondent explains how the local ecosystem is evolving and what she hears on the ground in India.

In May 2026, India’s public policy think tank NITI Aayog published Future of India’s Semiconductor Industry, a 65-page report detailing the strategy for building a $120 billion to $150 billion semiconductor value chain by 2035. The report lays out a roadmap centered on areas considered critical to India’s economic growth and strategic autonomy, including mature-node logic, specialty analog and mixed-signal chips, and compound semiconductors such as silicon carbide and gallium nitride.

The report highlights that India should play to its strengths in chip design talent, a skilled workforce, and the potential of its materials and chemistry ecosystem. It states: “Building on these advantages, it should aim to emerge as a global leader in semiconductor design and system architecture, a top-three destination for outsourced semiconductor assembly and test (OSAT) and advanced packaging and a trusted supplier of critical semiconductor materials, particularly wide-bandgap and advanced packaging materials. In these domains, India should aspire to set standards, shape supply chains and create enduring global dependence, rather than limit itself to mere participation.”

EE Times has covered India for years with what would appear as many false starts over those years. So, are the latest initiatives any different, and what kind of results can we expect?

To find out, we caught up with our senior India correspondent, Yashasvini Razdan, in Delhi, India, at the end of last month about what she has been seeing and hearing from her reporting for EE Times over the last 18 months. In this fireside chat, she explains why this effort appears different from previous attempts and what it could mean for India’s semiconductor ambitions.

Watch the complete video conversation here:

In the conversation, Razdan covers India’s shift from assembly to product development, various overlapping government incentives and schemes such as the India Semiconductor Mission, some of the smart commercial manufacturing strategies such as the focus on mature nodes and why that matters for India’s market, and global geopolitical alliances such as Tata and ASML. She also highlights grassroots efforts to develop talent and promote inclusivity, including expanding early access to technology for students and increasing opportunities for women in the industry.