Next Semiconductor Push Should Be ‘Designed, Made and Used in India’
What Happened
A joint report by EY and India Electronics and Semiconductor Association (IESA) says India's semiconductor strategy should move beyond manufacturing chips and focus on ensuring that chips designed, produced and packaged in India are used in products designed and manufactured domestically. The report notes that India's semiconductor market could reach $200 billion by 2035, but much of that demand is currently embedded in imported electronics, limiting domestic value creation.
Key Takeaways
The report argues that India's next growth phase should be driven by stronger domestic electronics design and manufacturing in sectors such as consumer electronics, automobiles, telecom, defence, medical devices and AI. Building local demand for Indian chips could be just as important as expanding semiconductor production capacity.