India, April 14 -- India is fast positioning itself as a key player in the global semiconductor ecosystem, as the global semiconductor industry hits a record $656 billion in 2024, growing over 21% year-on-year. With rising global demand for semiconductors driven by AI, 5G, EVs, IoT, and advanced computing, India is leveraging its talent, policy push, and strategic location to become a hub for semiconductor innovation and manufacturing.

As per recent report released by Gartner, Nvidia leads the top 10 chip suppliers. The biggest contributions are from GPU, CPU, memory and mobile SoCs.

Under the Government of India's Semicon India Program, a Rs.76,000 crore ($10 billion) incentive package has been launched to boost domestic chip manufactu...