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International Business Times
International Business Times
Business
Binitha Jacob

India Wants To Become Chip-Making Hub But Local Production Still Lagging Behind

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.

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