India’s Semiconductor growth update in mid 2025: Building a Global Hub by 2030

Semiconductors, the critical components powering smartphones, computers, electric vehicles, satellites, and defense systems like Aaksh Teer, are driving India’s ambition to become a global semiconductor hub. These chips, made from materials with electrical conductivity between conductors and insulators, contain millions or billions of transistors, resistors, capacitors, and wiring to process and transfer information. For instance, in the Chandrayaan-3 mission, Indian-made semiconductor technology enabled the Vikram lander to autonomously select a safe landing spot using AI-driven decisions.

India’s semiconductor market, valued at $38 billion in 2023 and projected to reach $45–50 billion in 2024–2025, is expected to grow to $100–110 billion by 2030. The India Semiconductor Mission (ISM), launched in December 2021 with a ₹76,000 crore outlay, drives this growth by supporting chip fabrication, display manufacturing, and design. ISM aims to establish India as a key player in the global electronics value chain through financial incentives, skill development, and global partnerships.

Since 2023, six major semiconductor units (1 Fab and 5 OSAT) have been approved under ISM. Notable projects in...