Business

India’s Semiconductor Industry To Create 1 Million Jobs By 2026: Report

India’s ambitious push to become a global semiconductor manufacturing hub expect to create approximately 1 million jobs across various sectors by 2026, according to a new report. This surge in employment will span several key areas, including semiconductor fabrication, Assembly, Testing, Marking, and Packaging (ATMP), chip design, software development, and supply chain management.

The report estimates that chip semiconductor fabrication alone will generate around 300,000 jobs, while ATMP will contribute approximately 200,000 positions. Other roles will emerge in fields like system circuits and manufacturing supply chain management, driven by the increasing demand for chips in electronics, automotive, and telecommunications.

Also Read: Indian Stock Market Opens Flat Amid Mixed Sectoral Performances

India’s semiconductor initiative aligns with the government’s ongoing efforts to boost domestic electronics production and reduce reliance on imports. In recent years, multiple global semiconductor companies have shown interest in setting up production units in India, recognizing its growing potential in the sector.

This job growth not only reflects India’s commitment to advancing its tech industry but also signals a significant shift in the global semiconductor landscape as countries seek to diversify their supply chains. The development could have a transformative impact on the nation’s economy, positioning India as a critical player in the semiconductor market.

 

Richa Kaushik

Recent Posts

Yemen’s Houthis Claim Responsibility For Missile Attack On Israel

Yemen's Houthis claimed responsibility for a missile attack on Israel's Negev region, targeting the Negev…

9 hours ago

From ‘Razia Sultan’ To ‘Sarfarosh’: The Timeless Journey Of Nida Fazli, ‘Main Nida’

A special screening of the film 'Main Nida', based on the life of the renowned…

10 hours ago

Flood Alert In PoK’s Muzaffarabad After Alleged Jhelum Water Release

A flood alert was issued across Muzaffarabad on Saturday after locals reported a sudden rise…

11 hours ago

Zelensky, Trump Hold Talks In Rome Ahead Of Pope’s Funeral; Discusses Ceasefire & Peace

US President Donald Trump and Ukrainian President Volodymyr Zelensky met in Rome on Saturday ahead…

12 hours ago

Pahalgam Terror Attack: Ishan Educational Institutions Organises Protest Against Terrorism

Ishan Educational Institutions, Greater Noida, today organised a peaceful protest march condemning the recent terror…

13 hours ago

Complete Ban On Drone Flights Over Noida International Airport ‘Red Zone’

Authorities have imposed a complete ban on the operation of drones and UAVs over and…

13 hours ago