New Delhi: India’s semiconductor market is projected to grow to nearly $110 billion by 2030, positioning the country as a trusted hub within the $1 trillion global semiconductor industry, according to a new report.
In his 79th Independence Day address, Prime Minister Narendra Modi announced that Made-in-India semiconductor chips will reach the market by the end of 2025 — a landmark step in the country’s drive towards technological self-reliance.
Earlier this week, the Union Cabinet cleared four semiconductor projects worth ₹4,600 crore, expected to create around 2,000 direct skilled jobs along with many more indirect opportunities across the value chain, India Narrative reported.
At present, India depends heavily on Taiwan, which produces nearly 90% of its advanced chips. The upcoming domestic facilities are set to ensure a secure local supply for critical sectors including telecom, electric vehicles, and defence — bolstering both economic resilience and national security.
The report highlights that “Designed and Made in India” chips could also find strong footing in global supply chains, as international companies seek alternatives amid ongoing US-China trade tensions.
New Projects Across States
- Odisha: Will host two major units — SiCSem Pvt. Ltd. is building India’s first commercial compound semiconductor fabrication facility, focused on SiC-based devices for defence, EVs, energy, and transport. Additionally, 3D Glass Solutions Inc. will set up an advanced packaging and embedded glass substrate facility to boost AI, communications, and photonics sectors.
- Andhra Pradesh: ASIP Technologies, in partnership with South Korea’s APACT, will build a plant serving consumer, automotive, and communication electronics.
- Punjab: Continental Device India Ltd. will expand production of MOSFETs and IGBTs, essential for renewable energy, automation, industrial digitalisation, and EVs.
With these approvals, India now has 10 projects sanctioned under the India Semiconductor Mission (ISM), spanning six states.
Over 60,000 students are being trained in semiconductor-related skills, ensuring a workforce equipped to meet both domestic and international demand.
The products from these initiatives are expected to have wide-ranging applications across defence, AI, high-performance computing, photonics, automotive, and next-generation communications.
With inputs from IANS