India Targets $110 Billion Semiconductor Market By 2030

India is shifting from a chip consumer to a major global manufacturer. The government is driving this change through key initiatives like the India Semiconductor Mission, the SEMICON India Programme, and global partnerships such as iCET. It has committed ₹76,000 crore to the mission.

India’s semiconductor manufacturing market was worth $38 billion in 2023. It is expected to grow to $45–$50 billion by 2024–25, $63 billion by 2026, and $100–$110 billion by 2030.

Semicon India 2025 to Highlight India’s Chip Power

The 4th Semicon India will take place from 2–4 September in Delhi. Eighteen countries will participate.

The event will bring together industry leaders, innovators, academics, and policymakers. They will discuss technology and collaboration across the supply chain.

India is becoming a reliable hub for semiconductor manufacturing.

The government said, “The chip revolution is real, and it’s happening right here, right now in Bharat.”

In May 2025, the Cabinet approved a new semiconductor unit. HCL and Foxconn will run the plant under the India Semiconductor Mission. It will make display driver chips for phones, laptops, PCs, and cars. The plant will produce 20,000 wafers and 36 million chips each month.

India will launch its first indigenous chip this year. Five new plants are under construction. The government is also training 85,000 engineers in advanced electronics and semiconductor manufacturing.

Madhya Pradesh opened its first IT campus with ₹150 crore in investment. The 1 lakh sq. ft. facility will produce servers, RAM, SSDs, drones, and more. It will employ 1,200 professionals.

In July 2025, startup Netrasemi raised ₹107 crore in VC funding. The company is designing chips for smart vision, CCTV, and IoT devices.

Global chip demand is rising, but supply chains are fragile. India is emerging as a strong alternative. The Make in India programme and the ESDM sector are supporting this shift.

India is ready to lead in all three pillars of chip production—equipment, materials, and services. Its MSMEs, mineral resources, and skilled tech workforce are key.

The global semiconductor market may reach $1 trillion by 2030. India aims to claim a major share.

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