📊Executive Summary

The Indian government has approved two semiconductor projects under the India Semiconductor Mission, totaling $400 million in investment. These projects include a mini/micro-LED display facility and a semiconductor packaging facility in Gujarat. Crystal Matrix Limited will establish an integrated facility for compound semiconductor fabrication, targeting applications in mini/micro-LED displays, while Suchi Semicon Private Limited will set up an OSAT facility for discrete semiconductors, aiming to produce over 1 billion chips annually for automotive and industrial applications. This development is significant for procurement teams as it enhances India's semiconductor manufacturing capabilities and could influence sourcing strategies in the region....