New Delhi, Aug. 4 -- India is expected to emerge as a significant player in the global semiconductor market, which is expected to reach USD 1 trillion by 2030.

In an official statement released on Sunday, the central government highlighted that India's semiconductor market, valued at around USD 38 billion in 2023, is projected to grow to USD 45-50 billion by 2024-2025 and further expand to USD 100-110 billion by the end of the decade.

This rapid growth reflects the country's growing focus on strengthening its position in the global semiconductor value chain.

The govt stated "The global semiconductor market is expected to reach USD 1 Trillion by 2030 with India's market occupying a substantial portion of it".

India's chip ecosystem is ...