International chip industry group SEMI is set to host its Semicon exhibition in India for the first time in September. According to Nikkei Asia report, the exhibition has previously been held in the US, Japan, Europe, Taiwan, South Korea, China and Southeast Asia.

Several Japanese companies are scheduled to participate, including Tokyo Electron, Disco, Canon, Tokyo Semitsu and Daifuku. Tokyo Electron will demonstrate equipment for wafer deposition, coating and other front-end steps in the chip manufacturing process.

Additionally, US-based companies such as Applied Materials, Lam Research and KLA will also have large booths at the exhibition.

In recent years, due to tensions with the US, international supply chains have shifted away from China. Apple is shifting production of iPhone and other products from China to India.

In March, Prime Minister Narendra Modi had laid the foundation stone of three semiconductor projects worth Rs 1.25 lakh crore.

The chip manufacturing facility at Dholera Special Investment Region (DSIR) in Gujarat is being set up by Tata Electronics Pvt Ltd (TEPL) with a total investment of over Rs 91,000 crore.

With a total investment of about Rs 27,000 crore, Outsourced Semiconductor Assembly and Test (OSAT) facility is being set up at Morigaon, Assam by TEPL for semiconductor assembly, testing, marking and packaging (ATMP).

In April, Union Railways and IT Minister Ashwini Vaishnav said that India has commissioned four semiconductor manufacturing units and in the next five years, the country will become one of the largest semiconductor hubs in the world.

According to Hong Kong-based Counterpoint Technology Market Research, India's semiconductor-related market will reach $64 billion in 2026, almost three times the size of 2019.