The Future of Chips: India's Ambitious Plan to Reach $40 Billion by 2030

India's semiconductor sector is likely to touch $40 billion by 2030, with a strong supply chain ecosystem and planned investments. India Electronics and Semiconductor Association (IESA) sees tremendous growth on the cards, with the international semiconductor supply chain expected to grow two-fold to $420 billion by 2030. India plans to get a 10% market share. The industry needs around 1.5 million skilled and 5 million semiskilled personnel by 2026-27. Government support and private sector involvement are both essential in order to meet this ambitious goal.

 

Source: Times of India, Business Standard, CNBC-TV18, Electronics For You