Summary:
India’s semiconductor industry is set for significant growth, with its market expected to reach Rs. 3,47,800 crore (US$ 40 billion) by 2030. This surge is driven by advancements in the supply chain ecosystem, particularly in the production of essential chemicals and gases for chip manufacturing. As per the India Electronics and Semiconductor Association (IESA), the global semiconductor supply chain market is projected to hit Rs. 36,51,700 crore (US$ 420 billion) by 2030, with India targeting a 10% share.
At the IESA Vision Summit, IESA President, Mr. Ashok Chandak, highlighted the need for India to learn from leading global semiconductor hubs, given the industry’s complex and interconnected nature. He stressed the importance of developing a strong local supply chain for gases, chemicals and materials, pointing out that semiconductor manufacturing typically involves contributions from more than ten countries. The IESA report also predicts a rising demand for talent in the sector, estimating that India will need 1.5 million skilled workers and five million semi-skilled workers in the semiconductor value chain by 2026-27. Reflecting the industry’s collaborative efforts, the summit saw the signing of over 30 Memoranda of Understanding (MoUs), including Tata Electronics’ strategic partnerships with Power-chip Semiconductor Manufacturing Corporation (PSMC) and Himax Technologies.
Source: IBEF
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