India’s semiconductor sector is on track to reach $40 billion by 2030, according to the India Electronics and Semiconductor Association (IESA). This growth will be fueled by advancements in the supply chain, particularly in essential materials such as chemicals and gases for chip production. The global semiconductor supply chain is expected to grow to $420 billion by 2030, with India striving to secure a 10% share of this expanding market.
During the IESA Vision Summit, IESA President Ashok Chandak underscored the importance of learning from established global semiconductor hubs. Given the industry’s complexity, he stressed the need for a robust domestic supply chain, integrating key materials like gases, chemicals, and advanced components. The IESA report highlights that by 2026-27, India will require 1.5 million skilled professionals and five million semi-skilled workers to support its semiconductor ecosystem.
At the summit, over 30 Memoranda of Understanding (MoUs) were signed, signaling major industry collaborations. Among these, Tata Electronics forged agreements with Powerchip Semiconductor Manufacturing Corporation (PSMC) and Himax Technologies, reinforcing India’s ambition to establish itself as a global semiconductor powerhouse.
