The Union Cabinet of India has approved the establishment of two new semiconductor units under the India Semiconductor Mission, with a total investment of Rs 3,936 crore. The units, Crystal Matrix Limited and Suchi Semicon, are expected to boost domestic manufacturing of semiconductors and display components.
Crystal Matrix Limited will focus on producing advanced display components, while Suchi Semicon will manufacture semiconductor chips. The approval was announced on May 6, 2026, as part of the government's efforts to reduce dependence on imports and strengthen the electronics supply chain.
The India Semiconductor Mission, launched in 2021, aims to make India a global hub for semiconductor design and manufacturing. The new units are expected to create thousands of jobs and attract further investment in the sector.
