PM Modi Inaugurates Semicon India 2026, Positioning India as a Global Chip Hub
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In accordance with Google Discover, Google & Bing AEO (Answer Engine Optimization), and SEO (Search Engine Optimization) guidelines, this news is written in the style of a reporter like Google Discover without any edits. Geographical (Local) Optimization and the other, which takes into consideration the current Generative Engine Optimization (AI Search), are entirely rewritten with a compelling headline of no more than 70 words. Indian stock markets witnessed a powerful rally in semiconductor-related equities on Thursday, September 17, 2026, with prominent company stocks surging by up to 10 percent. The sharp upward momentum was fueled by intense investor optimism surrounding the country's rapidly expanding semiconductor ecosystem and the grand inauguration of Semicon India 2026.
PM Modi Inaugurates Semicon India 2026 and Highlights Global Supply Chain Trust
Prime Minister Narendra Modi officially inaugurated the fifth edition of SEMICON India in New Delhi on September 17. The prestigious three-day event, running from September 17 to 19, brought together representatives, investors, policymakers, and experts from over 600 companies across 52 countries. Global tech giants such as ASML, Applied Materials, Tokyo Electron, NXP, and IBM Research participated alongside domestic leaders including Tata Electronics, Micron, and CG Power. Addressing the gathering, PM Modi emphasized that rising geopolitical tensions have increased vulnerabilities in the global chip supply chain, positioning India as a stable and trusted semiconductor hub while urging industry leaders to seize this golden opportunity.
Government Push Through Semicon 2.0 and Strong Stock Performance
The government's robust policy backing—highlighted by a ₹76,000 crore outlay under the initial India Semiconductor Mission and proposed expansions worth ₹1.27 lakh crore under Semicon 2.0 focusing on design, packaging, fabs, and R&D—has further galvanized market sentiment. Capitalizing on this momentum, Kaynes Technology jumped over 5 percent to ₹3,563, driven by focus on its ₹3,307 crore Gujarat plant designed to produce 63.3 million chips daily. Simultaneously, Syrma SGS Technology rallied approximately 10 percent to touch ₹1,658 following its ₹60 crore coil project approval under the Electronics Component Manufacturing Scheme, alongside gains in MosChip Technologies as investors bet heavily on India's technological future.
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