Bengaluru, February 25 Geopolitical factors have created problems related to tariffs and export restrictions, but India should focus on clear strategies and execute them to develop the chip ecosystem, a top official of SEMI said on Wednesday.
The President and CEO of the global semiconductor industry association SEMI, Ajit Manocha, at the IESA Vision Summit 2026, said that around 150 wafer fabrication plants will be set up worldwide by 2030, with only one fab in India.
He said that this development sends a message to consider measures to establish more fabs or chip manufacturing units in India.
Manocha said that geopolitics has led to some restrictions, but India needs to focus on having clear strategies and executing them.
"Geopolitical issues are creating problems with tariffs and some export restrictions, and so on. But the business is still going very well. It's probably more of a cost issue than anything else right now because of tariffs. My advice is that instead of just worrying about geopolitical issues, have a clear strategy and execute it," Manocha said.
He was responding to a question on geopolitics and its potential impact on the supply chain of companies setting up a fab in India.
Manocha said that the government has done its part, and it is now the industry's turn to respond with its plans.
