Indian semiconductor ecosystem poised to become important contributor

SEMI, the global industry association and apex voice of the global semiconductor industry, organized a press meet today, hosted by Ajit Manocha, President and CEO of SEMI. SEMI also officially unveiled and announced its globally successful industry event and forum -- SEMICON, to be held in India for the first time. 

With an anticipated market size of more than $100 billion and an additional 6,00,000 jobs by 2030, the Indian semiconductor ecosystem is poised to become an important contributor to growing the global industry to $1 trillion by 2030. 

At such a juncture, SEMICON India 2024, organised by SEMI and Messe Muenchen India, in partnership with Ministry of Electronics & Information Technology, India Semiconductor Mission (ISM) and Digital India, aims to bring the industry’s best minds and leading players together, to propel the Indian semiconductor growth story. 

Manocha said that the first industry wave was IoT. The next wave will see ~50% of the overall semiconductor market being driven by GenAI till 2030. Quantum will be the third wave. All of these are presenting unprecedented growth opportunities. 

104 new fabs will also be coming online through 2027. Asia will have 76, Americas 17, and Europe 11 fabs. Another 50+ additional fabs would still be needed through 2030. 

We are also facing several challenges. These are: geopolitical volatility, war for talent, supply chain redesign, and path to net zero. SEMI is uniquely qualified to empower the ecosystem growth.

At SEMICON India 2024, there will be 250+ companies exhibiting, across 650+ booths. About 90+ CEOs and many more CXOs will be present.

SEMI is removing barriers on path to $1 trillion semiconductor industry growth. We have SEMI Foundation, Semiconductor Climate Consortium, EHS, and Technology & Supply Chain for advanced packaging, design/EDA, flexible/hybrid electronics, smart manufacturing, etc.

SEMICON expositions bring the global semiconductor ecosystem to life. We have several events across the world, with >300,000 attendees, >4,500 companies, and >60 participating countries, for >100 billion market potential.