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Can India Make a Dent in the $2 Trillion Global Chip Market?
- India is preparing for potential ripple effects as US President Trump's proposed tariffs on semiconductor imports near the April 2 deadline.
- The electronics manufacturing sector in India heavily relies on semiconductor-grade materials and equipment imports, which could lead to increased costs.
- Experts emphasize the need for India to establish a strong local supply chain to reduce production costs and meet global requirements.
- India aims to have its first Made-in-India chip by 2025 to boost its semiconductor ecosystem and become more self-sufficient.
- India is advised to integrate into the global semiconductor supply chain leveraging its strengths in design and software, rather than striving for complete self-sufficiency.
- Building a domestic semiconductor industry requires substantial investments, and India needs to ensure the technology remains relevant in the long term.
- India faces challenges in workforce skill development for semiconductor fabrication, requiring a focus on practical training and industry-specific skills.
- To bridge talent gaps, experts recommend a large-scale training program where Indian engineers gain experience in global fabs before returning.
- India needs a full semiconductor ecosystem beyond fabs, including chip packaging, testing infrastructure, and advanced R&D capabilities.
- Specializing in areas like automotive semiconductors and advanced materials could be key for India to establish itself in the semiconductor industry.
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