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vishakha Jangir
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Set2Score • 3d
𝗛𝗼𝘄 𝘁𝗵𝗲 𝗦𝗲𝗺𝗶𝗰𝗼𝗻𝗱𝘂𝗰𝘁𝗼𝗿 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗖𝗮𝗻 𝗕𝗲 𝗮 𝗕𝗶𝗴 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆 𝗳𝗼𝗿 𝗜𝗻𝗱𝗶𝗮'𝘀 𝗘𝗰𝗼𝗻𝗼𝗺𝘆 ? Global semiconductor market projected to reach $1 trillion by 2030 from $600 billion in 2024 India’s semiconductor market expected to grow from $23 billion (2021) to $90 billion by 2030 Electronics consumption in India to reach $400 billion by 2025, driving high chip demand India currently imports 100% of its semiconductors, creating a huge opportunity for local manufacturing Domestic production can save billions in foreign exchange and reduce import dependency Sector expected to create 85,000+ direct and 250,000+ indirect jobs in coming years Government launched ₹76,000 crore ($10 billion) incentive scheme to support semiconductor ecosystem Micron investing $2.75 billion in Gujarat for assembly and testing facility Tata Group setting up ₹91,000 crore chip plant in Dholera in collaboration with Taiwan’s PSMC India benefits from “China+1” strategy as companies look for alternate chip manufacturing bases Over 120 global chip design firms already operating in India, including Intel, AMD, and Qualcomm India holds 20% of the world’s semiconductor design talent Growth in AI, 5G, EVs, and IoT to further drive semiconductor demand in India Sector could contribute $100 billion+ to India’s GDP by 2030 Strategic opportunity to make India a global semiconductor and electronics manufacturing hub. Follow vishakha Jangir for more such opportunities!!
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