India’s semiconductor consumption to rise to $100-120 billion by 2030: L&T Semiconductor Technologies
India’s semiconductor consumption is expected to scale to upwards of $120 billion market by 2030, a sizable increase from the current $24 billion offtake, Sandeep Kumar, CEO, L&T Semiconductor Technologies Ltd, and Chairman of the newly-formed Semiconductor Product Leadership Forum, said.
“India don’t manufacture semiconductors as of now. We definitely use it. We consume about $24 billion worth semiconductors and it is expected to rise to upwards of $100-120 billion by 2030. When India starts to produce those chips, our share will definitely rise,” Sandeep Kumar told ANI.
