India's youth-driven talent will build next Qualcomms, Intels from here in coming years: Vaishnaw

India's IT Minister Ashwini Vaishnaw said young Indian startups will create equivalents of Qualcomm and Intel in the coming years. According to him, five semiconductor plants are already operational and exporting products to Japan, Europe, and the US, and under Semicon 2.0, $11–12 billion in investments has been announced.

• Five Indian semiconductor plants already in commercial operation and exporting chips
• Semicon 2.0: budget ₹1.27 trillion, $11–12 billion investments announced
• Goal: 200 chip design startups and 100,000 trained technicians
• Applied Materials to invest $5 billion in India by 2035, Lam Research ₹10,000 crore