India Bets Big on Chip Future: New Research Hub to Power Tech Revolution
India is establishing a cutting-edge research centre dedicated to next-generation display and semiconductor technologies. This ambitious initiative aims to significantly bolster the nation’s domestic semiconductor capabilities.
The move is driven by both strategic imperatives and the burgeoning growth of the Indian electronics sector. The government targets a massive USD 100-110 billion market by 2030.
Several key initiatives are already underway, including the establishment of advanced design facilities and production units across the country. These efforts are spearheaded by the India Semiconductor Mission.
The new research centre will play a crucial role in bridging the technological gap and fostering innovation within the Indian semiconductor industry. This investment is vital for ensuring India’s technological sovereignty and competitiveness in the global market, impacting everything from smartphones to defence systems.