India, Feb. 26 -- Union IT and Electronics minister Ashwini Vaishnaw on Wednesday said the first Made-in-India semiconductor chip will be ready for production by 2025. He was speaking virtually on the second day of the Madhya Pradesh Global Investor Summit 2025 in Bhopal.

With a vision of becoming a leader in semiconductor manufacturing, India has made notable strides in the field over the past three years, news agency ANI quoted Vaishnaw as saying. He was referring to the work done under the India Semiconductor Mission (ISM), which was set up in December 2021.

ISM incentivises semiconductor manufacturers to set up their facilities and operational plans in India. The mission's incentive package includes financial support for companies e...