The Global Semiconductor Race and India's Ambitions

🔌Semiconductor chips are critical to the functioning of phones, computers, and automotive assembly lines.

💰The global semiconductor market is projected to reach $1 trillion by 2030, making it a high-stakes industry.

📈India's semiconductor market was valued at $27.2 billion in 2021 and is expected to reach $64 billion by 2026.

🇮🇳India aims to become self-reliant in semiconductor manufacturing through incentive schemes and government support.

🌍China, the US, and South Korea are among the leading players in the global semiconductor race.

What are semiconductor chips used for?

—Semiconductor chips are used in phones, computers, cars, and various other electronic devices.

Why is India yet to establish itself as a chip manufacturing powerhouse?

—India faces challenges in attracting big players and lacks the expertise and infrastructure required for high-volume silicon fabrication.

What is the projected market worth of the semiconductor industry?

—The semiconductor market is projected to reach $1 trillion by 2030.

What is India's current position in the semiconductor market?

—India's semiconductor market was valued at $27.2 billion in 2021 and is expected to reach $64 billion by 2026.

Who are the leading players in the global semiconductor race?

—China, the US, and South Korea are among the leading players in the global semiconductor race.

00:01Semiconductor chips are critical to the functioning of phones, computers, and automotive assembly lines.

04:21The global semiconductor market is projected to reach $1 trillion by 2030.

04:43India's semiconductor market was valued at $27.2 billion in 2021 and is expected to reach $64 billion by 2026.

06:36India aims to become self-reliant in semiconductor manufacturing through incentive schemes and government support.

12:43India's semiconductor dreams aren't over yet, and the government recognizes the economic and geopolitical significance of the industry.