New Delhi, Aug 3: India’s transformation from a consumer to a key manufacturer in the global semiconductor value chain, with the chip market targeted to touch $100 to 110 billion by 2030, is being driven by strategic initiatives launched by the government – the India Semiconductor Mission rolled out with an investment of Rs 76,000 crore, the SEMICON India Programme and global partnerships such as iCET, according to an official statement issued on Sunday. According to industry estimates, the size of the Indian semiconductor market was about $38 billion in 2023, $45-$50 billion in 2024-2025, and is expected to reach $63 billion by 2026 and $100-110 billion by 2030. With its 4th edition to be held in Delhi from September 2-4, Semicon India 2025 is set to display India’s redefining role in the global semiconductor ecosystem with the participation of as many as 18 countries in the grand event. (IANS)
