India’s semiconductor market could more than double to reach US$100 billion to US$110 billion by 2030, according to industry estimates cited by an official statement.

The market was valued at US$45 billion to US$50 billion in 2024–2025, up from US$38 billion in 2023.

The statement noted that global semiconductor production is concentrated in Taiwan, South Korea, Japan, China, and the US.

Taiwan alone produces over 60% of the world’s semiconductors, including nearly 90% of the most advanced ones.

This concentration has created supply chain risks, as seen during the COVID-19 pandemic.

Countries like the US, EU, Japan, and South Korea are now boosting domestic chip production.

Industry players such as Micron, Tata Electronics (with PSMC), CG Power & Industrial (with Renesas & Stars), TSAT, Kaynes Semicon, and the HCL-Foxconn JV have committed over 1.55 lakh crore rupee (US$17.7 billion).

🔗 Source: YourStory

🧠 Food for thought

1️⃣ India’s semiconductor self-sufficiency challenge mirrors global supply chain concerns

India’s ambitious growth targets reflect a broader global trend toward semiconductor supply chain localization driven by recent disruptions.

Currently, India produces less than 9% of its semiconductor needs domestically, with plans to increase this to 17% by 20261. This mirrors China’s situation, which produces only 16% of its semiconductor requirements despite setting a goal of 70% self-sufficiency by 20252.

The parallel struggles of these major economies highlight the complexity of building domestic semiconductor manufacturing capabilities from scratch.

Both countries are responding to the same vulnerabilities exposed during the COVID-19 pandemic, when heavy reliance on Taiwan and other concentrated production centers created global shortages across industries from automotive to consumer electronics.

The U.S. has taken a similar approach with its CHIPS Act, projected to grow America’s share of advanced semiconductor manufacturing to 28% by 20322. This global race toward supply chain diversification highlights why India’s $100-110 billion market projection by 2030 represents more than just economic opportunity. It is part of a strategic shift toward resilient, distributed semiconductor production.

2️⃣ India’s design strength creates a foundation for manufacturing ambitions

Recent Micron developments