India’s Semiconductor Boom: Key Takeaways from Semicon India 2024

The Indian semiconductor industry is experiencing remarkable growth, driven by exploding demand for smartphone innovations, automotive technologies, and data storage. To address this rising demand and propel technological advancements, the India Semiconductor Mission (ISM), an initiative of the Ministry of Electronics and Information Technology (MeitY), has taken significant steps. It has successfully attracted leading semiconductor companies in India and worldwide to invest in the nation’s chip manufacturing sector. These include major companies such as AMD, Applied Materials, and Micron Technology, to establish advanced semiconductor facilities in the country. With the Indian semiconductor business projected to surpass USD 55 Billion by 2026, the country is poised to become a significant player in the global semiconductor manufacturing industry.

Semicon India 2024: Catalyzing India’s Semiconductor Ambitions

Semicon India 2024, the inaugural edition of SEMI’s flagship event, marked a significant step towards establishing India as a global semiconductor manufacturing hub. The event was organized in partnership with Messe Muenchen India and the Electronic Industries Association of India (ELCINA). The three-day event took place from September 11-13, 2024, at the India Exposition Mart Ltd (IEML) in Greater Noida, Delhi NCR. It showcased the country’s rapidly expanding semiconductor ecosystem, highlighting India’s growing influence in the global semiconductor industry. Inaugurated by Prime Minister Narendra Modi, the event brought together global leaders, industry experts, academia, and government officials to discuss and explore the future of chip manufacturing in India.

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Key Highlights and Focus Areas

The event featured over 250 exhibitors from across the global semiconductor supply chain. It served as Southeast Asia’s largest platform for showcasing the latest advancements in semiconductor manufacturing and electronics. Semicon India2024 provided valuable insights into key areas such as smart manufacturing, supply chain management, sustainability, and workforce development. These further reflected the broader trends in the semiconductor business.

The event was organized into two primary focus areas:

• Building the Semiconductor Ecosystem in India:
  This segment focused on the essential components needed to build a robust semiconductor manufacturing ecosystem in India. These included equipment manufacturers, material suppliers, and gas providers. The objective was to foster collaboration among various stakeholders, including leading semiconductor companies in India, to strengthen domestic chip manufacturing capabilities.

• Engaging Youth and Developing Skills:
  Recognizing the importance of a skilled workforce to support the burgeoning semiconductor business in India, the event also concentrated on generating interest among youth. A significant number of students attended the event, exploring career potential in the semiconductor manufacturing industry. They further gained insights into the necessary skills required for this sector.

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Strategic Partnerships and Global Vision

A key feature of Semicon India 2024 was its emphasis on cross-regional partnerships, flexible hybrid electronics, and sustainable industry practices. The second day of the event focused on these themes, underscoring the importance of collaboration in driving the growth of semiconductor manufacturing companies in India. The final day included a presentation by Micron Technology on package manufacturing and a semiconductor fabrication boot camp hosted by the India Semiconductor Association (ISA). Furthermore, the India Electronics and Semiconductor Association (IESA) presented an overview of the industry’s progress.

PM Modi also articulated a visionary outlook for India, stating that the government’s goal is to see an Indian-made semiconductor chip in every electronic device worldwide. This ambition positions India as a reliable and attractive destination for semiconductor manufacturing investments. Key factors driving this appeal include the country’s stable policies, reform-oriented governance, and rapidly expanding manufacturing ecosystem. The PM also assured global investors that India is committed to becoming a semiconductor powerhouse and will take the necessary steps to achieve this goal.

Government Initiatives Supporting the Semiconductor Sector

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The Indian government has been proactive in supporting the semiconductor industry through flagship schemes like the Production Linked Incentive (PLI) and Design Linked Incentive (DLI) programs. These initiatives have provided significant support to startups and established semiconductor manufacturing companies in India. These have further helped them scale their operations and contributed to the growth of the domestic semiconductor business. Additionally, PM Modi announced the ‘Critical Minerals Mission‘ to boost domestic production and acquisition of essential minerals for chip manufacturing. The government also plans to establish a Semiconductor Research Centre at the Indian Institute of Space Science and Technology (IIST) and expand partnerships with IITs to further enhance India’s semiconductor capabilities.

A Bright Future for India’s Semiconductor Industry

Semicon India 2024 has set the stage for India’s emergence as a key player in the global semiconductor industry. The event not only highlighted the country’s growing capabilities but also reinforced its commitment to becoming a leading hub for semiconductor manufacturing. With continued government support and strategic investments from global semiconductor companies, India is steadily progressing toward achieving its ambitious goals in the semiconductor sector. This strong foundation sets the stage for the country to become a major player in the global chip manufacturing industry.

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References:

Overview | SEMICON India

SEMICON India 2024: PM Modi to inaugurate 3-day event in Greater Noida on Sept 11, ET Government (indiatimes.com)

Semicon India 2024: Uttar Pradesh gears up for major semiconductor event – IBTimes India

Press Release: Press Information Bureau (pib.gov.in)

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Disclaimer: This article uses information gathered from Biltrax Construction Data’s proprietary platform. The feature images are for illustration purposes only and may not represent the actual project.