India sets sights on becoming a top global semiconductor producer within five years, emphasising its trusted value chain partnership and attracting investments amid shifts away from China.
Recent developments, including investments from Qualcomm and plans by Foxconn, underscore India’s growing presence in the semiconductor industry.
1. India targets becoming one of the top five semiconductor producer globally within five years.
2. Currently, Taiwan, China, South Korea, the U.S., and Japan dominate the semiconductor market.
3. India’s strategic position gains importance as companies seek alternatives to reduce reliance on China amid U.S.-China tensions.
4. India emphasises its role as a trusted value chain partner for various electronic device manufacturers.
5. Recent investments by Qualcomm and plans by Foxconn highlight growing confidence in India’s semiconductor capabilities.
6. Inauguration of new semiconductor plants, including joint ventures, signifies India’s commitment to semiconductor manufacturing.
7. India aims to create its first semiconductor chip by 2026 through joint ventures and investments.
8. Government support and a focus on ramping up manufacturing capabilities contribute to India’s semiconductor ambitions.
9. India’s semiconductor sector is expected to contribute significantly to the trillion-dollar global semiconductor industry within the next seven years.
10. The Indian government reviews semiconductor proposals totaling $21 billion, indicating a strong interest in attracting semiconductor investments.
