India’s semiconductor consumption to rise multifold to $100-120 billion by 2030: L&T Semiconductor Technologies’ CEO
India’s semiconductor consumption is expected to scale to upwards of USD 120 billion market by 2030, a sizable increase from the current USD 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 USD 24 billion worth semiconductors and it is expected to rise to upwards of USD 100-120 billion by 2030. When India starts to produce those chips, our share will definitely rise,” Sandeep Kumar told ANI.
