India has strengthened itself as 'KE-Plair' in 'Global Semiconductor Ecosystem'

New -delhi, April 12 (IANS). The demand for semiconductor is increasing worldwide as a result of AI, 5G, EV, Internet or Things (IOT) and Advance Computing. In addition, India becomes a pivot of semiconductor innovation and manufacturing, and utilizes its talent, policy pus and strategic location. The semiconductor industry in India rose 21 percent annually to a record $ 656 billion in 2024, which quickly strengthens India its position as a key game in the global semiconductor ecosystem. According to Gartner’s recent report, Nvidia is at the forefront of the Top 10 Chip provider and the biggest contribution is to GPU, CPU, Memory and Mobile Soc. Under the government’s ‘Semicon India’ program, an incentive package of Rs 76,000 Crore ($ 10 billion) has been launched to promote household disc construction, prepackaging and semiconductor design. Ashok Chandak, president of the semi -iesa, said: “Along with the strong participation of the industry, global players in the ISA member companies and many Indian states have already invested more than $ 20 billion.” In addition to the most important projects approved by the Ministry of Electronics and Information Technology, several semiconductor initiatives have received strong support from various state governments, in which many large Indian businesses actively participate. Gujarat continues with India’s first dedicated semiconductor policy. States have already attracted important FAB proposals. Similarly, Chhattisgarh, Assam, Uttar Pradesh, Karnataka, Tamil Nadu, Madhya Pradesh and Odisha prepared a large framework with policy support and tax incentives. Recently, the ‘ISA Vision Summit’ held in Gandhinagar has included tremendous possibilities and growing interest in India’s semiconductor and electronic sector, which includes more than 2,500 representatives, 300 international participants, rounds of seven countries, 100 exhibitors and 100 research posters. According to a recent ITSA report on the Indian semiconductor market, domestic demand is estimated to be $ 103 billion by 2030, while the global market could cross the $ 1 trillion. -Ians skt/abm