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Global demand for semiconductor chips is skyrocketing, but the supply chain is very weak due to the chip industry being confined to a limited number of geographical areas. At the same time, India is emerging as a major country in this respect. Schemes like Make in India, India Semiconductor Mission and inclusion of Electronics System Design and Manufacturing (ESDM) as one of the core areas under Semiconductor India Program have helped in creating an ecosystem to support the industry. The global semiconductor market is expected to reach $1 trillion by 2030, in which India’s market accounts for a major share. According to industry estimates, the Indian semiconductor market size is expected to reach approximately $38 billion in 2023, $45-50 billion in 2024-2025 and $100-110 billion by 2030.

India’s electronics industry is growing rapidly, and semiconductors are at the center of this transformation. To meet the growing demand and reduce import dependence, the government has launched strategic initiatives like India Semiconductor Mission, Semicon India Program and global partnerships like iCET etc. These efforts signal India’s transition from being a customer to a key player in the global semiconductor value chain. As sanctioned facilities come on stream and new projects take shape, the country is establishing itself as a reliable hub for semiconductor production, strengthening its digital economy, national security and technological self-reliance. From dependency to dominance, the chip revolution is real and it’s happening here, now in India.

Computers process millions of commands in seconds, televisions project real-time reality, satellites collect data and send signals around the world. It’s all based on a small thing called a semiconductor chip. This chip is so small that anyone can hold it between their fingers.

It is worth noting that semiconductors are essential building blocks of modern electronics, which act like hidden brains that run devices. Semiconductors are materials whose electrical conductivity lies between conductor and insulator. Depending on the circumstances, they behave in any manner. This quality makes them ideal for electronic devices. Because of this unique property, semiconductors are used in the production of microscopic electronic chips that control the function of modern devices – not only the function of your everyday devices, but also the function of satellites and defense systems.