# India signs $500M deal to upgrade Mohali fab, eyes AI datacentre power chips

- slug: india-signs-500m-deal-to-upgrade-mohali-fab-eyes-ai-datacentre-power-chips
- date: 2026-04-23
- category: Space & Aerospace

India spent $500M on a fab upgrade and $85M on a 20-year-old power chip company. The bet: that power conversion expertise matters more than transistor count for the AI era — and that this time, India's semiconductor resurrection might actually work.

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