
KEY POINTS
- The Indian semiconductor market was valued at around USD 35 billion in 2022 and expected to reach USD 64 billion in 2026
- India announced its semiconductor scheme worth more than $9 bn for attracting semiconductor and display fabs on Dec. 15, 2021
- But India still has made no progress on Silicon based fabs in two years and has other applications pending in other categories
As the global semiconductor landscape undergoes a transformation following the pandemic, India has been beating the drum about its ambitious vision to turn the country into a chip-making hub in the world's stage.