Modi says India's chip mission has reached commercial production as Semicon 2.0 lifts the purse to US$13.5 billion

India's government used the opening of Semicon India 2026 to reframe what it is asking the industry to believe: not that fabs will be built, but that they are already shipping. Prime Minister Narendra Modi told the inaugural session that the mission's second phase is funded at US$13.5 billion against roughly US$8 billion for the first, and that the annual conference has moved through policy, projects, and pilot lines to arrive at commercial output — a claim the government is now inviting equipment, materials, and chemicals suppliers to underwrite with their own capital.