At India's Semicon, Narendra Modi launches a charm offensive for global investors, drawing pledges from Applied Materials and Lam for billions in investment (Sankalp Phartiyal/Bloomberg)

India is accelerating its push to become a larger player in the global semiconductor supply chain, with Prime Minister Modi using the Semicon event to attract major foreign investment and secure pledges from companies like Applied Materials and Lam. For CIOs and technology leaders, this signals growing long-term capacity in India for chip manufacturing and related services, which could improve supply chain resilience, expand sourcing options, and strengthen the country’s role in critical technology ecosystems. IT organizations should view this as part of a broader shift toward regional diversification and a more geopolitically distributed tech stack.