Semiconductor Chip / India's semiconductor chip will be famous in the world, such a big business

Semiconductor Chip: The industry has estimated that India's semiconductor market will more than double to $100-110 billion by 2030. According to an official statement, the Indian semiconductor market was $38 billion in 2023, which increased to $45-50 billion in 2024-25. Government policy efforts, industry activism and India's growing role in the global supply chain are considered to be the major factors behind this rapid growth.

India's role in the global supply chain

The shortage of semiconductors during the COVID pandemic severely affected technology sectors globally, especially the automotive industry. The main reason for this was the excessive dependence on select geographies, especially Taiwan. Taiwan currently controls about 60% of global semiconductor production, including 90% of the most advanced chips. This dependence exposed it to risks such as pandemics, natural disasters and geopolitical tensions.

Given these challenges, the Indian government and industry are taking proactive steps to establish India as a reliable partner in the global supply chain. The statement said that India can make significant contributions not only in semiconductor manufacturing, but also in areas such as equipment, materials, services and research and development (R&D).

Taiwan dominates the global semiconductor market

Currently, countries like Taiwan, South Korea, Japan, China and the US dominate the semiconductor industry. Taiwan alone produces 90% of the world's most advanced semiconductor chips. However, this single dependence has made global supply chains vulnerable to risks. To change this situation, countries like the US, the European Union, Japan and South Korea have launched national strategies to promote domestic chip manufacturing.

India's emerging contribution

India is set to play an important role in this global shift. The global semiconductor market is expected to reach one trillion dollars by 2030, with India's market accounting for a large share. The Indian government has taken several policy initiatives to boost the semiconductor industry, including production-linked incentive schemes (PLI) and promotion of research and development.

Future prospects

India's semiconductor market will not only grow in size, but it will also play a key role in diversifying and stabilizing the global supply chain. Industry experts believe that India can become a major player in this industry by using its expertise in areas such as equipment manufacturing, material supply and R&D.

In addition, India's young and skilled workforce, enthusiasm for technological innovations and strategic initiatives of the government will help establish India as a reliable and competitive destination in this sector.