Tryst with Semicons: Arduous road for India to lead chip manufacturing

Out of the 39 new ATMP-OSAT plants announced globally, India already has three, which the government has cleared: one each by Micron, Tata, and Murugappa Group, with an investment of $7.8 billion

First, the good news. India’s consumption of semiconductors is booming. It is poised to account for 10 per cent of the $1 trillion global semiconductor market by 2030, more than doubling its share in eight years.

India Electronics and Semiconductor Association (IESA), the association for semiconductor companies, in collaboration with research agency Counterpoint, projects that by the end of this decade domestic consumption will go up to more than $100 billion. A McKinsey study says the global market for semicon will touch $1 trillion in the same period.

But will India’s new tryst with building mega silicon and compound fabs for the