Govt says India’s semiconductor market to cross $100 billion by 2030
Mr.Jitin Prasada stated that from a market value of $38 billion in calendar year 2023,
The semiconductor market will grow to $109 billion by 2030-suggesting a 16% compounded annual growth rate of the industry. Key to these plans will be the upcoming semiconductor fab, being set up by Tata Electronics in partnership with Taiwan's Powerchip Semiconductor Manufacturing Corporation (PSMC) in Dholera, Gujarat-which the Centre has projected will be ready for operations by 2027, and will produce 3 billion chips annually following a net investment quantum of $10.9 billion, including Centre-and state-backed incentives.
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