The Indian semiconductor market has evolved over the years from a consumer market to a key manufacturer in the global semiconductor value chain, reaching approximately 38 billion dollars in 2023. India’s semiconductor market is projected to reach $45–50 billion in 2024–25, grow to $63 billion by 2026, and rise further to $100–110 billion by 2030. like the Semiconductor Mission and Semicon India programme have played a key role in building a supportive ecosystem for the industry. With the global semiconductor market projected to hit $1 trillion by 2030, India is poised to claim a significant share of this growth.
According to an official statement issued on Sunday, the government launched strategic initiatives, including the semiconductor mission, which was rolled out with an investment of 76,000 crore, the SEMICON India Programme, and a global partnership such as ICET. SEMICON India 2025, to be held in Delhi from September 2 to 4, will mark its 4th Edition, showcasing India’s evolving role in the semiconductor ecosystem alongside 18 other countries. This three-day event will bring together the industry leaders, innovators, government, academia, and other stakeholders to collaborate on technological advancements across the supply chain.
The Union Cabinet approved the establishment of another semiconductor unit under the Semiconductor Mission of India in May 2025. This unit is a joint venture of HCL and Foxconn, which manufactures display-driven chips for laptops, automobiles, PCs, mobile phones, as well as a wide range of other devices with displays. The plant is designed for 20,000 wafers per month, and its design output capacity is 36 million units per month.
During the Global Investor Summit 2025, it was announced that India’s first semiconductor chip will be produced this year as its five units are already under construction, signalling an important milestone for domestic capability.
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Schemes like the Semiconductor Mission and Semicon India programme have played a key role in building a supportive ecosystem for the industry. With the global semiconductor market projected to hit $1 trillion by 2030, India is poised to claim a significant share of this growth. India is capable of emerging as a key contributor to the semiconductor manufacturing supply chain. India is a rich source of chemicals, minerals, and gases, which semiconductor supply chain companies and services can utilise.
