India's Semiconductor Manufacturing Sector Set to Grow at a CAGR of 10.42% During 2025-2033 with Strategic Investments and Global Partnerships

The India Semiconductor Manufacturing Market was valued at USD 34.3 billion in 2024 and is projected to reach USD 100.2 billion by 2030, growing at a CAGR of 19.5% during the forecast period. The market is experiencing strong momentum driven by government initiatives such as the Semicon India Program and Production-Linked Incentive (PLI) schemes, which aim to establish India as a global hub for semiconductor design and fabrication.

India's growing demand for electronics, automotive innovation, and 5G infrastructure deployment is fueling semiconductor production needs. Major developments include investments from companies like Micron Technology, which announced a large-scale assembly and test facility in Gujarat, and partnerships with Tata Electronics and AMD for chip design and R&D expansion. With a skilled workforce and policy support, India is positioning itself as one of the most promising semiconductor manufacturing destinations in Asia.

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The semiconductor market involves materials and components that conduct electricity under specific conditions, serving as the foundation for electronic devices such as computers, smartphones, and advanced industrial systems.

Key Developments :

✅ August 2025: The Government of India approved four new semiconductor manufacturing projects across Odisha, Punjab, and Andhra Pradesh, signaling a strong national push toward domestic chip fabrication and advanced packaging. These projects are expected to enhance India's capabilities in silicon-carbide device production and advanced semiconductor assembly.

✅ May 2025: The joint venture between HCL Group and Foxconn received approval to establish a semiconductor fabrication plant near Jewar Airport, Uttar Pradesh. This facility will focus on producing display driver chips, further strengthening India's electronics manufacturing ecosystem.

✅ February 2025: Lam Research announced an investment exceeding ₹8,000 crore in Karnataka to boost India's semiconductor infrastructure. The initiative supports the development of local supply chains, fabrication equipment training, and precision component manufacturing.

Mergers & Acquisitions

✅ Throughout 2025, several strategic partnerships were formed between global chipmakers and Indian technology firms to accelerate fab construction, R&D collaboration, and equipment supply integration. These alliances are paving the way for a more resilient semiconductor ecosystem in India.

Market Insights

♦ India's semiconductor industry is entering a transformative phase, driven by the India Semiconductor Mission, which aims to establish the nation as a global hub for chip fabrication, design, and testing.

♦ Global leaders are showing increasing confidence through large-scale investments, partnerships, and ecosystem development programs.

♦ With policy support, skilled talent, and infrastructure expansion, India is positioning itself as a competitive destination for next-generation chip manufacturing and technological self-reliance.

Key Players:

Micron Technology, Inc. - US $22.9 billion

Vedanta Resources Limited - US $18.5 billion

Sahasra - US $100 million

MosChip Technologies - US $50 million

Applied Materials, Inc. - US $26.5 billion

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Market Drivers & Growth:

India's semiconductor industry is projected to grow from around USD 38 billion in 2023 to over USD 100 billion by 2030, supported by rapid digitalization and rising electronics demand.

The Government of India launched the India Semiconductor Mission (ISM) with incentives worth approximately ₹76,000 crore to develop a complete ecosystem covering chip design, fabrication, assembly, and testing.

Strategic partnerships and major investments, including joint ventures between leading global and domestic firms, are paving the way for new wafer fabs and packaging facilities across multiple states.

India's strong talent pool, materials supply network, and MSME ecosystem are driving progress in equipment manufacturing, testing, and semiconductor back-end services.

Policy reforms, state-level subsidies, and international collaborations are improving market access, positioning India as a competitive hub for global semiconductor manufacturing.

Market Outlook:

India is emerging as a key player in the global semiconductor landscape. With government-backed incentives, infrastructure expansion, and foreign investments, the country aims to capture a significant share of the trillion-dollar global chip market by 2030, reducing import dependency and strengthening its position in the high-tech manufacturing ecosystem.

Research Process:

Both primary and secondary data sources have been used in the Global India Semiconductor Manufacturing Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive landscape, historical data, market situation, technological advancements, upcoming developments in related businesses, market volatility, prospects, potential barriers, and challenges.

Key Segments:

➥ By Device Type: Memory Devices, Analog ICs, Logic Devices, Discrete Components, and others form the backbone of next-generation electronic systems.

➥ By Application: Widely utilized in Consumer Electronics, Automotive, Industrial, Networking & Communication, Data Processing, and Government sectors, supporting innovations from smart devices to autonomous systems.

➥ By Manufacturing Process: Front-end and Back-end processes play a critical role in enhancing chip performance, miniaturization, and production efficiency.

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