New Delhi, April 12
With rising global demand for semiconductors driven by AI, 5G, EVs, internet of things (IoT) and advanced computing, India is leveraging its talent, policy push and strategic location to become a hub for semiconductor innovation and manufacturing, according to industry experts.
India is fast positioning itself as a key player in the global semiconductor ecosystem, as the industry hits a record $656 billion in 2024, growing over 21 per cent year-on-year, As per recent report released by Gartner, Nvidia leads the top 10 chip suppliers and biggest contributions is from GPU, CPU, Memory and Mobile SoC’s.
Under the government’s ‘Semicon India’ programme, a Rs 76,000 crore ($10 billion) incentive package has been launched to boost domestic chip manufacturing, advanced packaging, and semiconductor design.
“Coupled with strong participation from industry, over $20 billion in investments have already been committed by IESA member companies and global players across multiple Indian states,” said Ashok Chandak, President SEMI IESA.
In addition to MeitY-approved key projects, many semiconductor initiatives have garnered strong support from various state governments, with several prominent Indian corporates actively participating — demonstrating the sector’s growing momentum nationwide.
Notable live projects include those by Polymatech, HCL, RRP Electronics, Suchi Semiconductors, RIR, and CDIL, reflecting a broad-based commitment to building India’s semiconductor capabilities, informed Chandak.