New Delhi, Aug. 3 -- India is undergoing a transformative journey in the semiconductor space, rapidly building an ecosystem that promises to position the country as a major hub in the global chip manufacturing and design value chain.

What makes a phone smart? A computer processes millions of commands in a fraction of a second. A TV brings out the reality as it is happening right now. A satellite collects data and sends signals across the world. It all comes down to that tiny thing called a semiconductor chip, which one can hold between one's fingers.

With the global chip market expected to surpass USD 1 trillion by 2030, India is not only aiming to reduce its dependence on imports but also to emerge as a trusted partner in the diversifi...