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Industry experts say the semiconductor industry in India is experiencing rapid growth, but precisely quantifying the change in open positions over the past three years can be challenging due to its dynamic and evolving nature. India is becoming a great conductor for the semiconductor industry, Prime Minister Narendra Modi said on July 28, adding that the government has identified more than 300 colleges where semiconductor courses will be available and India will have more than 1 lakh semicon design engineers in the next five years.

India Semiconductor Mission (ISM) Provides Key Endorsement of Event India and MILPITAS, Calif. July 31, 2023 SEMI today announced its intent to support the India Semiconductor Mission (ISM) in creating a vibrant semiconductor manufacturing and design ecosystem in India.

Garg added that the Netherlands based NXP was also getting its ecosystem partners to set up operations or expand their operations in the country. For instance, Austrian firm AT&S has assembly and printed circuit board manufacturing in India.

India has kicked off its semiconductor journey, with the country, which has been heavily reliant on imports for chips, looking forward to becoming a global exporter and a key player in the industry s supply chain. India s consumption of semiconductors is expected to cross $80 billion by 2026 and $110 billion by 2030. The country is currently reliant on imports for the supply of chips but is looking forward to sharing the stage with the top leaders in the sector.

The DLI scheme aims to offer financial incentives as well as design infrastructure support across various stages of development and deployment of semiconductor design(s) for Integrated Circuits (ICs), Chipsets, System on Chips (SoCs), Systems & IP Cores and semiconductor linked design(s) over a period of five years. The DLI Scheme is implemented by CDAC.