Reliance, whose interest in making semiconductors has not been previously reported, did not respond to repeated requests for comment.
India's IT ministry and Prime Minister Narendra Modi's office also did not respond to requests for comment.
The country does not as yet have any chip manufacturing plants, although India's Vedanta (VDAN.NS) and Taiwan's Foxconn (2317.TW) are both looking at building facilities.
India's government has forecast the domestic chip market will be worth $80 billion by 2028 compared with $23 billion currently.
But chip manufacturing is an industry that has historically been beset with boom and bust cycles and requires much expertise.
Persons:
Amit Dave, Mukesh, Narendra Modi's, Modi, Vedanta, Taiwan's Foxconn, Arun Mampazhy, –, Foxconn, Munsif Vengattil, Aditya Kalra, Edwina Gibbs
Organizations:
Reliance Industries, Gujarat Global Trade, REUTERS, Reliance, Google, U.S, Vedanta, Ventures, Semiconductor, Intel, Orbit Ventures, Thomson
Locations:
Gujarat, Gandhinagar, India, DELHI, Abu Dhabi