Singaporean Firms Have Expanded India Semiconductor Ties
Singaporean companies have ramped up investments and operations within the rapidly growing Indian semiconductor sector.
Updated on Sept. 25, 2026 in Semiconductors
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Singaporean companies have secured over $180 million in semiconductor contracts and invested more than $20 million in India since 2024. This growth was highlighted by the participation of 27 Singapore-based firms at the 2026 SEMICON India summit.
Why it matters
India is working to indigenize its semiconductor supply chain to boost its technological competitiveness, while Singaporean firms are seeking to diversify their manufacturing markets away from China and Taiwan.
Singaporean companies have hired over 300 employees in India to support local semiconductor projects. The broader Indian semiconductor market is currently valued at US$64 billion and is projected to surpass US$200 billion by FY2035.
The players
Micron Technology
This global memory and storage leader operates an assembly and test plant in Sanand that reached commercial production in 2026.
Tata Electronics
This manufacturing firm is developing a major fabrication plant in Dholera expected to be commissioned in 2028.
Specmax Techno
This technology company began operations in India in 2024 and is developing a manufacturing unit in Tindivanam.
The details
At the 2026 SEMICON India summit held in New Delhi, 27 Singaporean firms showcased their capabilities, a significant increase from the 10 firms present in 2024. These companies are partnering with Indian entities to relocate and install high-tech manufacturing equipment, while the Indian government continues to support the sector through its newly approved Rs1.27 trillion Semicon 2.0 program.
Timeline
December 2021 marked the initial launch of the Semicon 1.0 support program.
Ten Singaporean companies exhibited at the 2024 SEMICON India summit.
The Indian government approved the Semicon 2.0 budget in July 2026.
The 2026 SEMICON India summit was held in New Delhi in September 2026.
Specmax Techno expects its new manufacturing unit to begin production in June 2027.
The Tech Race
This activity follows the introduction of the Indian government's Semicon 2.0 program, which provides massive fiscal backing to attract foreign manufacturing talent. This shift marks a departure from reliance on traditional tech hubs as India competes for a larger share of the global chip supply chain.
As India scales its semiconductor capacity, consumers may eventually see increased availability of locally produced electronics and tech hardware. For businesses, the influx of high-tech manufacturing jobs and infrastructure projects creates new opportunities for technical service providers in the region.
The takeaway
The deepening partnership between Singapore and India reflects a broader trend of supply chain diversification in the semiconductor industry. Companies looking to minimize geopolitical risk are increasingly viewing India as a viable alternative for high-tech manufacturing expansion.
What happens next
Specmax Techno is scheduled to begin production at its new manufacturing unit in Tindivanam in June 2027, and Tata Electronics plans to commission its Dholera fabrication plant in 2028.
Further reading
Learn more about the latest industry trends in Semiconductors.
Source note: This article includes information reported by Tabla.
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