India’s first Indigenous semiconductor chip to be ready for production by 2025

 India’s First Indigenous Semiconductor Chip to Be Ready for Production by 2025

This development marks a significant step toward reducing reliance on imports and strengthening India’s position in the global semiconductor market. Currently, India’s semiconductor manufacturing industry is in its early stages, heavily dependent on countries like Taiwan and China for semiconductor chips.

The creation of an indigenous chip will enhance national security, reduce trade deficits, and provide a boost to the domestic electronics industry.

India’s Semiconductor Industry

• Indian Semiconductor Market: Estimated at around $38 billion in 2023, with projections indicating growth to $109 billion by 2030.
• Market Potential: India’s semiconductor consumption market is expected to grow at a strong compound annual growth rate (CAGR) of 13% through 2030.

Challenges

• Capital-Intensive Sector: Establishing a semiconductor fabrication facility (fab) can cost over $10 billion.
• Skilled Workforce Shortage: India requires more experts in semiconductor design, fabrication, and testing.
• Dependence on Raw Material Imports: Essential raw materials, including silicon wafers and semiconductor chips, are largely imported.

Initiatives Undertaken

• Semicon India Program: This initiative aims to promote the domestic semiconductor industry through incentives and strategic partnerships.
• India Semiconductor Mission: Aimed at building a vibrant semiconductor and display ecosystem to position India as a global hub for electronics manufacturing and design.
• Partnerships with Global Firms: Collaborations with companies such as Micron and Foxconn to establish semiconductor manufacturing units in India.

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