Fujifilm is investing ₹800 crore in a new semiconductor materials facility in India, with commercial production expected by fiscal year 2028. This announcement followed a roundtable where Prime Minister Narendra Modi engaged with top global chip executives, including leaders from Intel, Micron, and AMD, to advance the India Semiconductor Mission.
Prime Minister Narendra Modi hosted a high-level roundtable with leaders from global semiconductor giants on September 16, 2026, marking a significant step in the government's effort to expand the country's footprint in the global chip industry. The meeting, held in New Delhi ahead of the Semicon India 2026 event, brought together executives from companies such as Micron Technology, Intel, AMD, ASML, Applied Materials, Foxconn, and Tata Electronics.
The discussions focused on building a complete semiconductor ecosystem under the India Semiconductor Mission (ISM) 2.0. While the primary focus of many conversations often remains on large fabrication plants, the government is increasingly pushing for deep-tech capabilities, including design, research, workforce training, and the manufacturing of essential materials.
A key outcome of the event was a specific investment commitment from Fujifilm. The Japanese technology firm announced it will invest ₹800 crore to establish a greenfield manufacturing facility in India dedicated to semiconductor materials. This investment is viewed as a vital addition to the domestic supply chain, as modern semiconductor fabrication requires high-purity chemicals and specialized materials to process silicon wafers.
Fujifilm’s project is planned as a two-phase development. The company intends to break ground on the facility in fiscal year 2026, with the goal of starting commercial production by fiscal year 2028. This long-term timeline highlights the nature of semiconductor projects, which often require extensive planning, quality testing, and specialized infrastructure before they can start output.
The broader strategy discussed during the roundtable involves moving India beyond simple assembly to playing a larger role in the global semiconductor supply chain. Prime Minister Modi invited industry input on policy frameworks, emphasizing that government regulations should adapt to the fast-changing needs of the technology sector. The government is also looking to leverage the country's domestic talent pool, with specific targets for training in artificial intelligence and related fields.
While these announcements are positive for long-term industrial growth, investors and market observers should note the complexities involved. Establishing manufacturing facilities for semiconductor materials is a technically difficult task that requires adherence to extreme purity standards. Success will depend on the execution of these projects within the planned timelines, as any delay in infrastructure or supply chain integration could impact the ability of the facilities to reach full capacity. Furthermore, the semiconductor industry is cyclical, meaning that the financial viability of such large-scale investments will remain subject to global demand trends and the consistent implementation of government policy under the India Semiconductor Mission.