HIMACHAL PRADESH TO REVISE CURRICULUM, TO INTEGRATE CLIMATE CHANGE & SUSTAINABILITY

THE COUNTRY'S SEMICONDUCTOR MARKET IS EXPECTED TO CROSS USD 55 BILLION BY 2026 AND TOUCH USD 100 BILLION BY 2030

- ANINDITA ACHARYA

Chips are digital diamonds. The world trusts India, the world believes in India, and the world is ready to build the semiconductor future with India," said PM Narendra Modi at the recently-held Semicon India 2025, a mega event designed to supercharge India's semiconductor ecosystem.

At the event, Union IT Minister Ashwini Vaishnaw handed over to the PM India's first fully indigenous microprocessor, a semiconductor chip named Vikram 3201, developed by ISRO's semiconductor laboratory.

Think about it. From the smartphones in our hands to electric cars, everything runs on these tiny chips. No wonder India is betting big.

The country's semiconductor market is expected to cross USD 55 billion by 2026 and touch USD 100 billion by 2030, powered by booming demand in smartphones, cars, 5G, and IoT with a solid push from government policies.

And here's the best part: this wave is projected to create one million new jobs by 2026, thanks to a mix of state support and private investments.

"Semiconductors are rightly being called 'digital diamonds' because they will form the backbone of our digital economy, and with this comes an enormous opportunity for employment. Industry estimates suggest that India's semiconductor ecosystem could generate over a million direct and indirect jobs by 2030, across design, fabrication, testing, and supply-chain management," said Shantanu Rooj, Founder and CEO, TeamLease Edtech.