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Sarun George Sunny
The Way I See It âąÂ 5m
Indiaâs Semiconductor Revolution: From 1% to Industry Leader While the global semiconductor industry stands at $611 billion, India currently holds only ~1%. However, thatâs about to change. India has 20% of the global semiconductor design talent and a new $12.1 billion research fund under the Anusandhan National Research Foundation to foster tech innovation. On the manufacturing side, Taiwan leads with TSMC, but Indiaâs setting up more units to bridge this gap. Meanwhile, our assembly sector has turned India into the worldâs 2nd largest producer and exporter of mobile phones. Strategic alliances with the US and Singapore are boosting Indiaâs capabilities, and initiatives like the Indian Semiconductor Mission are providing up to 50% cost assistance to manufacturers. With lower labor costs and a strategic location, Indiaâs semiconductor market, valued at $34.4 billion in 2023, is forecasted to hit $100 billion by 2031.
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