Table of Contents
India's semiconductor market is expected to see a significant rise, with a report by Inc42 estimating a CAGR of 24% and a market value of $150 billion by 2030. The rise of over 100 startups in the semiconductor space has sparked interest from both domestic and international players, with the Tata Group announcing a $27 billion semiconductor ATMP in Assam and India's first AI-enabled semiconductor fabrication facility in Gujarat. The government's support and incentives are driving growth in the semiconductor industry, with a focus on developing networking devices, telecom equipment, and AI applications. However, challenges such as the lack of fabrication facilities and manufacturing experience, as well as the competitive landscape, remain. Despite these challenges, India's semiconductor industry is poised for growth, with opportunities for startups across the value chain.
