The Indian semiconductor industry's revenues are likely to double from $54 billion to $108 billion between 2025 to 2030, according to a report by financial services firm UBS.
Prime Minister Narendra Modi on Thursday said India is shaping its digital future with a strong focus on Digital Public Infrastructure, AI, semiconductor, and electronics manufacturing.
Driven by the government's production-linked incentive (PLI) scheme, India’s semiconductor consumption market which is valued at $52 billion in 2024-25 is expected to grow at a robust CAGR of 13 per cent through 2030.
The global semiconductor industry witnessed a strong rebound in 2024, with total revenue reaching $626 billion, an 18.1 per cent increase from the previous year, a report said on Monday.
SiCSem Private Limited, a company that manufactures semiconductor materials for power electronics, is setting up a ‘Compound Semiconductor Facility’ in Bhubaneswar with an estimated investment of Rs. 2500 crore for the project in Odisha.
Even as India aims to become the semiconductor manufacturing hub, the industry is projected to generate a demand for one million jobs spanning across varied sectors by 2026, according to a report.
The State Government is coming up with the policies on Global Capability Centre (GCC) and semiconductor in the coming months, which will position West Bengal as the next IT destination of India
The meeting holds importance as it comes days after India and the US tied up to set up a semiconductor fabrication plant in the country.
India's semiconductor push, spearheaded by Prime Minister Narendra Modi at meetings with American tech leaders, marks a pivotal moment in the country’s efforts to cement its position as a key player in the global supply chain.
Union Minister of State for Commerce and Industry, Jitin Prasada, on Wednesday credited Prime Minister Narendra Modi for hosting the three-day 'Semicon India 2024' at Greater Noida
