Developing local supply chain crucial for India to meet 25% global semiconductor demand by 2032: JM Financials

New Delhi [India], September 23 (ANI): India’s target of meeting around 25 per cent of global semiconductor demand by 2032 will require more fabrication and advanced packaging units, along with a strong domestic supply chain and a wider manufacturing ecosystem, according to a report by JM Financials.

The report said that projects approved under the India Semiconductor Mission (ISM) 1.0 alone would require capital equipment worth USD 12-13 billion, besides a large pool of technical talent and maintenance facilities to support long-term operations.