The operating layer of India's semiconductor build-out.
Mantra connects the world's equipment, materials and technology companies with the fabs, OSATs and state missions building India's chip industry. Then we help build the local supply chain those fabs depend on.
India has committed the capital. The supply chain around the fabs is still to be built.
Sources: Union Cabinet announcement on ISM 2.0 (July 2026); India Electronics and Semiconductor Association (IESA).
Three ways we work, one business.
Representation puts us in the room with every fab being built. That access is how our ventures find partners and how our advisory work earns trust.
Carry global suppliers into India
We are the commercial presence for equipment and process makers entering India and Southeast Asia: account coverage, technical conversations, the path to the purchase order.
KLA · Modutek BuildBuild the supply chain fabs cannot import
We put together joint ventures for what every fab needs locally from its first day: reclaimed wafers, quartz, tool refurbishment and precision parts cleaning.
Ventures in structuring AdviseSeed to Fruit
End-to-end support for a new fab or OSAT, from choosing the process technology to stable yield: partners, construction, supply chain, talent and incentives.
For first-time fab entrantsA fab on its own is just a building.
Eight enabling layers have to exist around a fab before a single wafer moves. Hsinchu, Pyeongtaek and Dresden were all built on dense local supplier networks. In India, most of these layers are still thin. The highlighted layers are where Mantra works today; our advisory work covers all eight.
Technology & IP
Process node, PDK, yield ramp
Equipment & tools
Lithography, etch, deposition, metrology
Materials & chemicals
Wafers, quartz, specialty chemicals and gases
Utilities
Ultrapure water, power, gases, abatement
MEP & hook-up
Tool install, refurbishment, commissioning
Construction
Civil works, shell, cleanroom
Talent
Fab leadership, engineers, technicians
Legal, finance & EHS
Incentives, compliance, government liaison
Every AI chip starts in a fab.
AI demand is pulling on fab capacity, advanced packaging and memory at the same time. India's build-out is part of the world's supply response. We help fabs come up faster, and we bring AI into the fab itself, starting with the infrastructure under the cleanroom.
Our view on India's semiconductor build-out
Build the ecosystem alongside the fab, not after it
Every successful chip cluster grew its supplier base with its fabs. India has funded the fabs. The next five years decide whether the ecosystem arrives in time.
Insight · October 2026AI's hidden demand: why mature-node chips matter more than ever
AI is usually told as a leading-edge story. Much of what makes AI work runs on mature-node power, control and connectivity chips, the segment India is building first.
Insight · October 2026Entering India: a guide for global semiconductor suppliers
Why the supplier window in India is open now, the three ways to enter, and the questions to answer before committing.
Semiconductor 101
A plain-language series for engineers, investors, policymakers and students new to the industry. Written by people who have run fabs.
From sand to silicon: what a chip actually is
What a semiconductor is, how sand becomes a wafer, what a transistor does, and the main families of chips.
Semiconductor 101 · Part 2Inside a fab: how a wafer becomes a chip
The cleanroom, the six process steps that repeat for every layer, and what it takes to keep a fab running.
Semiconductor 101 · Part 3Fabs, OSATs and ATMP: India's chip projects explained
The semiconductor value chain, its four business models, and where India's approved projects fit.
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