India’s Chip Leap: From Import Dependency to Global Semiconductor Leadership by 2030
India Eyes a Major Share in the $1 Trillion Global Semiconductor Market India is accelerating toward a landmark transformation in electronics manufacturing, aiming to capture a substantial portion of the projected $1 trillion global semiconductor market by 2030 , according to a central government statement issued on Sunday. India’s semiconductor market, valued at $38 billion in 2023 , is projected to grow to $100–110 billion by the end of this decade. In the near term, it is expected to reach $45–50 billion by 2024–25 , reflecting a double-digit growth trajectory aligned with national ambitions to become a core node in the global chip value chain. Major Investments: India’s Chip Infrastructure Takes Root India’s chip ecosystem has shifted from policy planning to production readiness. Several billion-dollar fabrication and packaging units have been announced across the country, including: Micron Technology : ₹22,516 crore investment for an ATMP (Assembly, Testing, Marking ...