According to a recent IESA report on India’s semiconductor market, domestic demand is expected to reach $ 103 billion by 2030, while the global market is expected to exceed $ 1 trillion.According to industry experts, AI, 5G, EVS, Internet of Things (IOT) and advanced computing semi -computing, with the increasing global demand of semi -computings, India is taking advantage of its talent, policy push and strategic space, which is to become a hub for semiconductor innovation and manufacturing.
India is building a rapid position as a prominent player in the global semiconductor ecosystem, as the industry records $ 656 billion in 2024, which is growing more than 21 percent year-to-year, as as per the report released by Gartner, NVDia leads the top 10 chip suppliers and is the biggest contributor to GPU, CPU, Memori and mobile SOC.
Under the government’s ‘Semicon India’ program, an incentive package of ENT 76,000 crore ($ 10 billion) has been launched to promote domestic chip construction, advanced packaging and semiconductor design.
President Semi IESA, Ashok Chandak said, “Coupled with strong participation from the industry, more than $ 20 billion has already been invested by IESA member companies and global players in many Indian states.”
In addition to the major projects, many semiconductor initiatives have gained strong support from various state governments, in which many major Indian corporates actively participate – demonstrate the growing pace of the region across the country.
Notable live projects include polymitech, HCL, RRP Electronics, Susi Semicandters, RIR and CDIL, reflecting a wide-based commitment to the manufacture of semiconductor capabilities of India, informing the Chandak.
Gujarat has led the route to India’s first dedicated semiconductor policy and has already attracted major fab proposals. Similarly, Chhattisgarh, Assam, Uttar Pradesh, Karnataka, Tamil Nadu, Madhya Pradesh and Odisha have prepared a progressive outline offering policy assistance, tax encouragement, tax encouragement,
India’s strength – chip design engineers, a large pool of educational institutions, and a growing base of electronics manufacturing – it is a natural partner for global companies who are looking for flexible and diverse supply chains.
The recent ‘IESA Vision Summit’ held in Gandhinagar displayed immense capacity and rising interest in the semiconductor and electronics sector of India, with over 2,500 representatives, 300 international participants, seven countries round, 100 exhibitions, and 100 research posters, and 100 research posters, as a global hub as a global hub for presentations-Hi-Tech Innovation.
According to a recent IESA report on India’s semiconductor market, domestic demand is expected to reach $ 103 billion by 2030, while the global market is expected to exceed $ 1 trillion.
“Innovation, with focus on advanced R&D and skill development, India’s growing semiconductor ecosystems will play an important role in achieving the vision of ‘self -reliant India’ and ‘Make in India’, while global semocultures also contribute significantly to the supply chain,”
