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Cabinet approves two new semiconductor plants worth Rs 3936 crore to power India’s chip future
Business
Published on 5 May 2026
One unit targets advanced display components
The Union Cabinet has cleared two new semiconductor units under the India Semiconductor Mission, with investments totaling over Rs 3,900 crore. Crystal Matrix Limited will focus on advanced display components, while Suchi Semicon is set to expand India’s chip manufacturing capacity. Additional semiconductor projects in the pipeline are expected to come online in 2026 and 2027, accelerating domestic production.
- Cabinet approved two new semiconductor units under the India Semiconductor Mission
- Total investment is over Rs 3,900 crore
- Crystal Matrix will produce advanced display components
- More plants are expected by 2026 and 2027
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times