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Ashwini Vaishnaw attends WEF 2026 at Davos, participates in roundtable with semiconductor CEOs

Union IT Minister Ashwini Vaishnaw on Wednesday participated in a roundtable at the World Economic Forum with CEOs from the semiconductor industry in Davos, Switzerland. Following the meeting, Vaishnaw, in a post on X, said that Bharat is building a complete semiconductor industry. “Bharat is building a complete semiconductor ecosystem covering design, fabrication, packaging, materials, gases and equipment.” Global industry sees India as an increasingly reliable supply‑chain partner, a statement from the government read on Wednesday.

Ashwini Vaishnaw attends WEF 2026 at Davos, participates in roundtable with semiconductor CEOs

Credit: Livemint

Key Highlights

  • In his post on X, Vaishnaw also highlighted Google's $15 billion investment in India announced earlier last year.
  • “Google is strengthening its commitment to India’s AI ecosystem, including a $15B AI data centre in Vizag & partnerships with Indian startups,” he said.
  • The Union Minister for Electronics and IT rejected International Monetary Fund (IMF) Managing Director Kristalina Georgieva's suggestion that India belongs to a second tier of AI economies, saying that India is clearly in the first group globally.
  • “I don't know what the IMF criteria has been, but Stanford places India as third in terms of AI penetration, in terms of AI preparedness, and in terms of AI talent,” he said, addressing a panel at Davos.
  • Taking a direct hit at the IMF chief, Vaishnaw said, “I don't think your classification in the second book is right.
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Sources

  1. Ashwini Vaishnaw attends WEF 2026 at Davos, participates in roundtable with semiconductor CEOs

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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