Insight

India’s Road to Semiconductor Self-Reliance: From Manufacturing Chips to Building Complete Ecosystem

The Indian government’s Semicon 1.0 program focused on the physical foundation of the country’s semiconductor ecosystem, whereas Semicon 2.0 focuses on establishing the ecosystem around it.

Global smartphone SoC shipments and revenue declined by double digits YoY in Q2 2026, primarily due to rising memory costs and cautious inventory management by smartphone OEMs. GenAI adoption is increasing rapidly in smartphones, with shipments of GenAI-capable smartphone SoCs expected to grow by nearly 11% YoY in 2026.