📊Executive Summary

The article discusses India's emergence as a significant player in the global semiconductor industry, driven by the India Semiconductor Mission (ISM). With over $18.2 billion in investments, India is positioning itself as a 'China Plus One' destination for semiconductor manufacturing. Micron Technology has completed Phase 1 of its $2.75 billion facility in Gujarat, focusing on DRAM and NAND production, while Tata Electronics is establishing a fab for 300mm wafers. This shift is critical for procurement teams as it alters sourcing strategies and mitigates risks associated with geopolitical tensions in traditional manufacturing hubs....