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NDTV
04-08-2025
- Business
- NDTV
Semiconductor Market To Reach $1 Trillion By 2030, India To Play A Key Role
New Delhi: India is expected to emerge as a significant player in the global semiconductor market, which is expected to reach USD 1 trillion by 2030. In an official statement released on Sunday, the central government highlighted that India's semiconductor market, valued at around USD 38 billion in 2023, is projected to grow to USD 45-50 billion by 2024-2025 and further expand to USD 100-110 billion by the end of the decade. This rapid growth reflects the country's growing focus on strengthening its position in the global semiconductor value chain. The government stated "The global semiconductor market is expected to reach USD 1 Trillion by 2030 with India's market occupying a substantial portion of it". India's chip ecosystem is evolving rapidly, moving from policy formulation to production readiness. Several fabrication, assembly, and design hubs are taking root across the country, translating vision into reality. Major investments have been announced in various parts of India. In June 2023, Micron Technology committed Rs 22,516 crore to set up an ATMP facility in Sanand, Gujarat. In February 2024, Tata Electronics, in partnership with Taiwan's Powerchip Semiconductor Manufacturing Corporation, announced a Rs 91,000 crore investment in Dholera, Gujarat, with an output capacity of 50,000 wafers per month. The same month, CG Power & Industrial Solutions, in collaboration with Renesas and Stars, proposed a Rs 7,600 crore plant in Sanand, capable of producing 15 million chips per day. Tata Semiconductor Assembly and Test Pvt Ltd (TSAT) will set up a Rs 27,000 crore facility in Morigaon, Assam, with a daily capacity of 48 million chips. In September 2024, Kaynes Semicon Pvt Ltd plans to begin operations in Sanand with an investment of Rs 3,307 crore and a production capacity of 6.33 million chips per day. By May 2025, HCL and Foxconn's joint venture is expected to start a facility in Jewar, Uttar Pradesh, with an investment of Rs 3,700 crore and a production capacity of 20,000 wafers per month, or 36 million units annually. These developments highlight India's growing momentum in becoming a global semiconductor hub. The government noted that India has the potential to contribute significantly to the three key pillars of semiconductor manufacturing: equipment, materials, and services. On the equipment front, India is leveraging its robust base of Micro, Small, and Medium Enterprises (MSMEs) to produce essential components for semiconductor equipment. In terms of materials, India is rich in chemicals, minerals, and gases, making it well-suited to support the raw material requirements of the semiconductor supply chain. On the services side, India possesses a large talent pool in fields like research and development, logistics, and emerging technologies such as artificial intelligence (AI), big data, cloud computing, and the Internet of Things (IoT). To support this vision, the government has also launched the India Semiconductor Mission (ISM) in December 2021. Approved by the Union Cabinet with an outlay of Rs 76,000 crore, the mission aims to provide financial assistance for investments in semiconductor fabrication, display manufacturing, and chip design. The objective is to deepen India's integration into global electronics value chains and establish the country as a hub for electronics manufacturing and design. ISM is envisioned to be led by global experts in the semiconductor and display industries and acts as the nodal agency for the seamless implementation of various semiconductor-related schemes. The govt also highlighted that country's electronics industry is expanding rapidly, and semiconductors are at the core of this transformation. In a bid to meet rising domestic demand and reduce import dependency, the government has launched initiatives like the India Semiconductor Mission, the SEMICON India Programme, and international collaborations such as the India-U.S. Initiative on Critical and Emerging Technology (iCET). These steps reflect India's transition from a consumer of chips to a critical contributor to the global semiconductor supply chain. As approved facilities begin their operations and new projects move forward, India is fast positioning itself as a trusted semiconductor manufacturing hub. This transformation is expected to boost the country's digital economy, enhance national security, and strengthen technological self-reliance. From dependence to dominance, the semiconductor revolution is taking shape across India. Semiconductors are the invisible engines behind modern electronics, acting as the brains of devices ranging from mobile phones to satellites. These materials have electrical conductivity between that of conductors and insulators, enabling them to function under different conditions. This unique property allows for the creation of chips that can control and direct the functioning of advanced machines. In the Chandrayaan-3 mission, the Vikram lander relied on Indian-made technology and AI to identify a safe landing site and make decisions independently, showcasing the power of semiconductors in space and defence technologies. With strong government backing, international partnerships, and increasing private sector participation, the country is laying a strong foundation for a self-reliant and technologically advanced future, powered by chips, designed and made in Bharat.
Time of India
03-08-2025
- Business
- Time of India
Semiconductor mission: India steps up chip drive; revolution gathers pace with major investments, talent push
AI image India is undergoing a major transformation in its semiconductor journey, rapidly building capabilities to become a critical player in the global chip value chain. The push is backed by significant policy support, large-scale investments, and a growing pool of skilled engineers, as per news agency ANI. Semiconductors, essential to devices ranging from smartphones and televisions to satellites, form the backbone of modern digital technologies. With the global chip market projected to cross $1 trillion by 2030, India is working to shift from being an import-dependent economy to becoming a trusted manufacturing and design partner globally, according to PIB. At the centre of this transformation is the India Semiconductor Mission (ISM), launched in December 2021 with a budget of Rs 76,000 crore. It is aimed at supporting manufacturing, assembly, testing, packaging, and design of semiconductor chips, while also encouraging R&D and industry-academia collaboration. According to industry data, India's semiconductor market was valued at around $38 billion in 2023 and is expected to reach $100–110 billion by 2030. This anticipated growth is being powered by multiple government schemes. The Semiconductor Fabs Scheme, for instance, offers up to 50% financial support for fabrication units. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This Is What First-Class Living Really Looks Like Explore Undo There are also specific schemes for display fabs, packaging (ATMP/OSAT), and startups under the Design Linked Incentive (DLI) scheme. So far, six major projects have received approval under these schemes. These include large-scale investments from Tata Group, Micron Technology, CG Power, Kaynes Semicon, and an HCL-Foxconn venture. Together, these plants will produce millions of chips and wafers each month to meet both domestic and global demand. India is also making progress in chip design. New 3-nanometre chip design centres in Noida and Bengaluru mark a leap in innovation. Under the DLI scheme, 22 startups have already received Rs 234 crore in support, focusing on chips for mobile networks, smart electronics, surveillance systems, and automotive use. Skill development is another priority. Over 85,000 engineers are being trained in advanced manufacturing and chip design, with more than 44,000 already certified under NIELIT Calicut's SMART Lab programme. Partnerships with institutions such as Purdue University and global firms like IBM and Lam Research are helping align local talent with global standards. India's growing semiconductor ambitions are showcased through the annual SEMICON India summit, organised in partnership with SEMI. The 2025 edition, scheduled for September 2–4 at Yashobhoomi in New Delhi, will feature 300+ exhibitors from 18 countries, including dedicated country pavilions. The Covid-19 pandemic and geopolitical tensions such as the Ukraine war have highlighted the risks of relying on a few nations for global chip supplies. In this context, India's local manufacturing drive is a strategic move aimed at national security and supply chain resilience. With a vast pool of engineers and a strong MSME base supporting electronics manufacturing, India is positioning itself to contribute to the full semiconductor lifecycle—from raw material processing to advanced chip design. As approved projects go live and fresh investments are announced, India's transition from chip dependence to chip leadership appears well underway. 'From dependence to dominance, the chip revolution is real and it's happening right here, right now in Bharat', PIB noted. Stay informed with the latest business news, updates on bank holidays and public holidays . Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025
Barnama
19-06-2025
- Business
- Barnama
KESUMA, Penang To Partner On Talent Pipeline For Chip Design, High-tech Sectors
GEORGE TOWN, June 19 (Bernama) -- The Human Resources Ministry (KESUMA) is finalising a strategic collaboration with the Penang government to strengthen the local talent pipeline by producing more engineers through the Penang Chip Design Academy (PCDA). Human Resources Minister Steven Sim Chee Keong said the academy, established by the state government, is aimed at advancing Penang's semiconductor and high-tech sectors, with KESUMA poised to add value to the initiative. 'PCDA was created to develop human capital, young people and workers, for the semiconductor and high-tech industries. 'KESUMA wants to explore how we can support the state's skill training programmes to drive this sector forward,' he told reporters after launching the National Training Week (NTW) 2025 Northern Region roadshow here today. Penang launched the academy last year as part of efforts to strengthen integrated circuit (IC) design and digital development, aligning with the state's plans to build a thriving IC design ecosystem and digital economy hub. Sim also announced a strategic partnership between the Human Resource Development Corporation (HRD Corp) and the Northern Corridor Implementation Authority (NCIA) under the Advanced Technology Meister Programme (ATMP). 'Through this initiative, we are introducing a matching grant programme to help local industries enhance workforce skills in advanced technology,' he said. Employers will be able to co-develop training programmes with learning institutions of their choice, supported by funding from both HRD Corp via its levy system, as well as NCIA under the 12th Malaysia Plan (RMK12). Sims aid the initiative reflects the government's commitment to building a highly skilled workforce and achieving the national target of 30 per cent skilled labour by 2030.
The Sun
19-06-2025
- Business
- The Sun
KESUMA, Penang to partner on talent pipeline for chip design, high-tech sectors
GEORGE TOWN: The Human Resources Ministry (KESUMA) is finalising a strategic collaboration with the Penang government to strengthen the local talent pipeline by producing more engineers through the Penang Chip Design Academy (PCDA). Human Resources Minister Steven Sim Chee Keong said the academy, established by the state government, is aimed at advancing Penang's semiconductor and high-tech sectors, with KESUMA poised to add value to the initiative. 'PCDA was created to develop human capital, young people and workers, for the semiconductor and high-tech industries. 'KESUMA wants to explore how we can support the state's skill training programmes to drive this sector forward,' he told reporters after launching the National Training Week (NTW) 2025 Northern Region roadshow here today. Penang launched the academy last year as part of efforts to strengthen integrated circuit (IC) design and digital development, aligning with the state's plans to build a thriving IC design ecosystem and digital economy hub. Sim also announced a strategic partnership between the Human Resource Development Corporation (HRD Corp) and the Northern Corridor Implementation Authority (NCIA) under the Advanced Technology Meister Programme (ATMP). 'Through this initiative, we are introducing a matching grant programme to help local industries enhance workforce skills in advanced technology,' he said. Employers will be able to co-develop training programmes with learning institutions of their choice, supported by funding from both HRD Corp via its levy system, as well as NCIA under the 12th Malaysia Plan (RMK12). Sims aid the initiative reflects the government's commitment to building a highly skilled workforce and achieving the national target of 30 per cent skilled labour by 2030. In a separate announcement, KESUMA also approved the implementation of a skills enhancement programme under the Focused Impact Training Initiative (FITI) for fishing families and local communities in South Penang. The programme will benefit 420 participants through courses such as helmsman training, site safety supervision, computer applications and safety officer certification. 'The goal is to ensure that the fishing community is not left behind in economic progress brought by projects such as Silicon Island,' Sim said.
Yahoo
17-06-2025
- Business
- Yahoo
King Faisal Specialist Hospital & Research Centre and Germfree Laboratories Announce Landmark Advanced Therapy Manufacturing Campus in Riyadh
Unveiled at BIO 2025 in Boston, the project marks a major step toward Saudi Arabia's goal to become a global biotechnology hub by 2040. BOSTON, June 17, 2025 /PRNewswire/ -- BIO International Convention 2025 -- At the BIO International Convention 2025 in Boston, King Faisal Specialist Hospital & Research Centre (KFSHRC) and Germfree Laboratories, LLC announced a strategic partnership to develop Saudi Arabia's first fully integrated, modular Advanced Therapy Medicinal Product (ATMP) Manufacturing Campus. The new facility will be located at KFSHRC's main campus in Riyadh and will serve as a critical milestone in advancing Vision 2030 and the National Biotechnology Strategy, two national initiatives aimed at transforming the Kingdom into a global hub for life sciences, biomanufacturing, and to become a global biotech hub by 2040. "This initiative marks a historic milestone, not just for our institution, but for the Kingdom of Saudi Arabia in alignment with Vision 2030 and the National Biotechnology Strategy," said His Excellency Dr. Majid bin Ibrahim Al Fayyadh, CEO of KFSHRC. "With Germfree as our partner, we are creating a world-class advanced therapies campus that will accelerate access to transformative treatments, draw the brightest minds in science, and strengthen Saudi Arabia's position as a global leader in biotechnology. This fast-track, strategic project represents a continuation of the long history of healthcare innovation that has been realized by King Faisal Specialist Hospital and Research Centre." "KFSHRC's leadership and vision align with Germfree's mission to expand access to complex therapies through future-proofed, agile infrastructure," said Kevin Kyle, CEO of Germfree Laboratories. "Together, we are building much more than a facility for Cell & Gene Therapy manufacturing, we're building a turnkey, scalable platform for discovery and delivery of curative therapies for the people of Saudi Arabia, the Middle East, and beyond. This collaboration reflects the critical role infrastructure plays in unlocking access to advanced therapies, and we are proud to support KFSHRC's vision for patient-centric care." Under the terms of a signed Letter of Intent, the turnkey project will fast-track the Kingdom's ability to manufacture cell and gene therapies locally, host international clinical trials, and attract leading pharmaceutical partnerships and scientific talent from around the world. Driving Saudi Arabia's Vision for Global Biotech Leadership This project directly supports Saudi Arabia's National Biotechnology Strategy, launched to localize vaccine and therapeutic production, develop sovereign biomanufacturing capabilities, and establish the Kingdom as a global biotechnology leader by 2040. As a core pillar of Vision 2030, the strategy aims to make Saudi Arabia a destination for clinical trials, scientific discovery, pharmaceutical investment, and biotech entrepreneurship across the Middle East and beyond. By establishing a globally competitive manufacturing campus, KFSHRC is not only advancing national healthcare; it is setting a new global standard for innovation, scalability, and patient-centered care. A Smart, Scalable Biomanufacturing Platform The ATMP Manufacturing Campus will be delivered as a fully CGMP-compliant, off-site built, modular solution, developed in strategic phases to support immediate clinical impact and long-term growth. The project will begin with the deployment of Germfree's BioGO® Box single-module cleanroom solution, enabling early operator training, tech transfer, and R&D activities. In parallel, a newly constructed facility will be built centrally on the KFSHRC campus to house prefabricated modular cleanroom clusters, providing 16 production suites, each designed for multi-modal CGT production supporting both clinical and commercial-scale manufacturing. Full operational readiness will be reached just 18 months after contract signing, roughly half the timeline of a conventional stick-built facility of comparable scope. That speed, combined with the flexibility to scale or repurpose suites as new therapies emerge, means Saudi patients will gain access to advanced treatments years sooner than traditional construction would allow. The state-of-the-art facility will meet SFDA, FDA, EMA, and BMBL requirements and will include a fully integrated digital manufacturing platform designed to support smart, data-driven CGMP operations from day one. Germfree's continued growth is supported by EW Healthcare Partners, a leading private equity company that makes growth equity investments in fast-growing commercial-stage healthcare companies in the pharmaceutical, medical device, diagnostics, and technology-enabled services sectors in the United States and Europe. About King Faisal Specialist Hospital & Research Centre (KFSHRC) King Faisal Specialist Hospital & Research Centre is Saudi Arabia's foremost tertiary-and-quaternary referral institution, delivering world-class care in oncology, transplantation, cardiovascular medicine and precision therapeutics. It is ranked No. 1 in the Middle East & Africa and 15th globally among academic medical centers by Brand Finance's 2025 report and is listed on Newsweek's World's Best Hospitals as well as World's Best Smart Hospitals 2025. As a flagship partner in the Kingdom's Vision 2030 and National Biotechnology Strategy an initiative to localize biomanufacturing and make Saudi Arabia a global biotech hub by 2040, KFSHRC forges international collaborations, drives cutting-edge clinical research, and cultivates Saudi scientific talent to expand patient access to life-changing therapies. About Germfree Laboratories Germfree advances ATMP development and point-of-care manufacturing by delivering U.S-designed and built, ready-to-operate modular and mobile CGMP cleanrooms, integrated equipment, and lifecycle services under a single contract. Today, more than 200 Germfree laboratories, cleanrooms, and complex equipment systems operate in 32 countries, underscoring the company's commitment to innovative, agile, integrated, and impactful research and biomanufacturing worldwide. Strategic partnerships with process-technology leaders and in-country service firms ensure every deployment arrives fully validated, operationally ready, and regulatory compliant from day one. The company's U.S. manufacturing hub and on-site service programs ensure rapid deployment, sustained performance, knowledge transfer to local workforces and a continuous pipeline of innovation that keeps facilities future ready as advanced therapies evolve. View original content to download multimedia: SOURCE Germfree Laboratories LLC Sign in to access your portfolio
