India to Hold Major Share in Chip Market

5 chip units progressing at rapid pace: Vaishnaw

- RAKESH KUMAR @ New Delhi

INDIA will hold a significant share in the $1 trillion semiconductor industry, said Prime Minister Narendra Modi on Tuesday. Speaking at the inauguration ceremony of the third edition of 'Semicon India 2025,' Modi also mentioned that a total of 10 semiconductor projects are currently underway, involving an investment of $18 billion (₹1.5 lakh cr).

"Global semiconductor market has already reached $600 billion, and in the coming years, it is expected to surpass $1 trillion. India is advancing in the semiconductor sector, and it will hold a significant share in this $1 trillion market," said Modi.

At the event, Minister of Electronics and Information Technology Ashwini Vaishnaw presented the first test chips from four sanctioned projects to Prime Minister Narendra Modi. The Vikram chip, developed by ISRO's Semiconductor Laboratory, is India's first fully Made-in-India 32-bit microprocessor, engineered to perform reliably under the extreme conditions of launch vehicles.