India To Capture Key Share Of $1 Trillion Global Semiconductor Market By 2030

(MENAFN- KNN India) New Delhi, Aug 4 (KNN) India is positioning itself to become a major player in the global semiconductor industry, aiming to secure a significant portion of the projected $1 trillion market by 2030.

Union Minister of State for Electronics and IT, Rajeev Chandrasekhar, emphasised that this growth will not just come from manufacturing, but also from India's strength in chip design.

Speaking at the IESA Vision Summit 2025 in Bengaluru, Chandrasekhar said that the government is focused on creating a vibrant semiconductor ecosystem.

This includes developing skills, boosting innovation, and building capabilities in areas like compound semiconductors and advanced packaging.

The minister highlighted that while many countries are investing in semiconductor manufacturing, few have India's combined advantage of talent, design expertise, and policy support.

He stressed that India is ready to work closely with industry leaders to ensure sustained growth and competitiveness in the sector.

The government has also launched the India Semiconductor Mission (ISM), which aims to attract major investments in semiconductor fabs, display fabs, and outsourced semiconductor assembly and testing (OSAT) facilities. This is expected to make India a global hub for semiconductors in the coming years.

Chandrasekhar pointed out that semiconductor design talent in India already plays a crucial role in the global supply chain, with 20% of global chip design engineers being Indian.

With the right infrastructure and ecosystem, he believes India can move from being a design powerhouse to a full-stack semiconductor hub.

The minister also acknowledged the importance of public-private partnerships and reiterated the government's commitment to supporting innovation and growth in the tech sector.

(KNN Bureau)

MENAFN04082025000155011030ID1109882308