Semiconductor Industry

India's semiconductor market is projected to nearly triple to USD 120 billion by 2030 and reach USD 300 billion by 2035, driven by the exponential adoption of artificial intelligence (AI), automotive growth, and data centre expansion, according to a report by Deloitte. India, which currently imports over 90 per cent of its semiconductor needs, is poised for a structural shift as local production is expected to meet more than 60 per cent of domestic demand by the end of 2035, the report titled 'Technology, Media, and Telecommunications Predictions 2026' said. "India's semiconductor market is estimated at USD 4550 billion in FY202425 and has been growing at a CAGR of 20 per cent over the past three years. The market is predicted to reach USD 120 billion by 2030 and USD 300 billion by 2035, driven by AI, automotives, data centres, and electronics manufacturing. "By 2035, India is expected to host 45 silicon fabs, 810 compound fabs, 12 display fabs and 2025 OSAT facilities, supported by

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Prioritising talent development under the Government of India's Semiconductor Mission, Union Minister for Railways and Electronics & IT, Ashwini Vaishnaw, stated that India has achieved its 10-year target of training 85,000 engineers in semiconductor design in just 4 years.The Minister on Monday informed that world-class Electronic Design Automation (EDA) tools, Cadence, Synopsys, and Siemens, have been made available in 315 universities across the country, and with the help of these tools, students are designing actual semiconductor chips, according to a release.These chips are being fabricated and tested at the Semiconductor Laboratory (SCL) in Mohali, giving students hands-on experience across the entire process from design to manufacturing and validation, he said.Vaishnaw further stated that students from universities across the nation, from Assam to Gujarat and from Kashmir to Kanyakumari, are actively engaging in semiconductor design. This marks a significant milestone ...

Union Minister Ashwini Vaishnaw on Sunday said the Centre's Semicon Mission 2.0 will focus on bolstering deep tech startups, prioritising the creation of a design ecosystem and getting equipment manufacturing and design facilities in the country. Addressing the inaugural session of the Gujarat Semiconnect Conference 2026 here, the Union Minister for Electronics & Information Technology said that a talent gap of 20 lakh in the semiconductor sector will create huge opportunities for students. "Semicon 2.0 will be totally the reverse of Semicon 1.0, which focused on getting manufacturing facilities in India. We got that. We have 10 plants, with the first starting commercial production yesterday. Very soon, the second plant will start commercial production," he said. Vaishnaw said that the top priority for Semicon 2.0 - the second phase of India's Semiconductor Mission - will be to create a "design ecosystem", so that deep tech startups get the opportunity to develop the next ...

Prime Minister Narendra Modi on Saturday inaugurated Micron Technology's semiconductor plant at Sanand in Gujarat, and said that after being known for its strength in software the country is "firmly establishing its identity" in the hardware sector too. The inauguration of the US-based company's ATMP (Assembly, Testing, Marking and Packaging) plant -- the first such facility in the country --reflects a deep partnership between India and the United States, he said. The message has reached the world loud and clear: India is capable, India is competitive and India is committed, Modi said. "India, long known for its software strength, is now firmly establishing its identity in the hardware sector as well," said the prime minister. "If oil was the regulator of the last century, microchips will be the regulator of this century," he said, adding that India is rapidly becoming an "integral part of the global semiconductor value chain". The plant will manufacture SSD (Solid State Drive) ..

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India Semiconductor Mission 2.0 will prioritise indigenous chip design, their productisation, attracting ecosystem partners and development of talents, Union Minister Ashwini Vaishnaw said on Saturday. The minister said the government will continue to work on setting up semiconductor manufacturing plants and target to produce chips as small as 2 nanometer node size. "In Semicon 2.0, the topmost priority will be design companies. Design companies, design startups who can design a product, take it to the market, become the next Qualcomm from India, hopefully get that huge innovation, that entire energy which is there in our startups into deep tech. That will be a focus area," Vaishnaw said. He was speaking at a Qualcomm event here to announce 2 nanometer chip of the company which has been developed in India. The minister said the government will focus on getting the entire ecosystem in the country under ISM 2.0. Finance Minister Nirmala Sitharaman in her budget announced that the ..

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Union Budget 2026: The government will launch India Semiconductor Mission 2.0 with an outlay of ₹40,000 crore to support chip equipment manufacturing, R&D and training

The country's largest lender has set up a Centre of Excellence to support financing of sectors such as renewable energy, semiconductors, electric mobility and data centres, with large capital needs

During his engagements at the World Economic Forum (WEF) in Davos, Ashwini Vaishnaw said that the value chain in critical minerals is complex and requires cooperation across multiple stages

Global smartphone shipments may decline 2.1 per cent next year as a shortage of memory chips drives up costs and squeezes production, industry tracker Counterpoint Research estimated in December