The world\u2019s largest contract chipmaker, Taiwan Semiconductor Manufacturing Company (TSMC), said India will play a significant role in driving the global semiconductor industry\u2019s revenue to over $1.5 trillion. <\/p>\n
\u201cGoing forward, as we see, we believe the semiconductor industry is going to grow to over $1.5 trillion by 2030\u2026a lot of that growth is going to come from you folks in India,\u201d Paul Rousseau, vice president (field technical solutions division), TSMC North America, said on Thursday. <\/p>\n
Rousseau was speaking at Synopsys\u2019 SNUG 2026 event in Bengaluru. <\/p>\n
Multinational semiconductor companies along with homegrown firms are currently investing in setting up assembly, testing, marking and packaging (ATMP) and outsourced semiconductor assembly and test (OSAT) as well as fab units in India. <\/p>\n
The US-based Micron and Indian Kaynes Semicon\u2019s plants have already become operational, and another two are expected to commence operations this year, according to Union Minister of Electronics and IT Ashwini Vaishnaw. <\/p>\n
Vaishnaw-headed Ministry of Electronics and Information Technology (MeitY) is driving the ambitious India Semiconductor Mission (ISM), which seeks to catalyse domestic manufacturing of chips in a bid to boost self-reliance. <\/p>\n
The upcoming ISM 2.0 will have a greater emphasis on supporting indigenous electronics and semiconductor design capabilities, building robust supply chains, and enabling equipment manufacturing activities. <\/p>\n
India has recently revealed a phased roadmap to build a $120-150 billion semiconductor value chain by 2035. <\/p>\n
This will be supported by five pillars of frontier R&D and design IP; policy and investment to mobilise capital; production focused on advanced packaging and compound semiconductors; people across the full semiconductor ecosystem; and partnerships with trusted nations and global industry. <\/p>\n
\u201cWe are entering the industrial phase of AI, and that means physical AI, agentic AI, AI that is designed for specific functions. All of this growth is driving our semiconductor market,\u201d the executive said, adding that artificial intelligence has fueled the industry\u2019s leap to the $1 trillion milestone. <\/p>\n
\u201cOriginally, we thought we would cross the $1 trillion mark in 2030, but now we are going to cross it this year, because of the AI acceleration.\u201d <\/p>\n
The Taiwanese company produces some of the world\u2019s most advanced chips that power AI. <\/p>\n
The Hsinchu-headquartered semiconductor company makes AI chips for Nvidia, AMD, as well as custom AI processors for hyperscalers including Google, Amazon, Meta, and Microsoft. <\/p>\n
Ravi Subramanian, chief product management officer at Synopsys, citing third-party estimates, said that India\u2019s GDP may grow from $4.1 trillion in 2025 to over fivefold to $22 trillion by 2050, enabled by silicon and software. <\/p>\n
\u201cIf we look at India, the digital economy is a core engine for national growth, productivity and competitiveness. Some of India’s most powerful exports today are digital in nature,\u201d Subramanian said. <\/p>\n
In 2022-23, the digital economy contributed about 11-12% of the national income, representing $400 billion. \u201cWhen we look at 2030, on the journey to 2050, 20% of India’s economy will be digital,\u201d the Synopsys executive said. <\/p>\n
\u201cDigital platforms and much deeper digitisation have already occurred in the last decade, and they are going to start permeating. Many traditional sectors will be much smaller than the digital sectors in India,\u201d he concluded.<\/p>\n","protected":false},"excerpt":{"rendered":"
The world\u2019s largest contract chipmaker, Taiwan Semiconductor Manufacturing Company (TSMC), said India will play a significant role in driving the global semiconductor industry\u2019s revenue to over $1.5 trillion. \u201cGoing forward, as we see, we believe the semiconductor industry is going to grow to over $1.5 trillion by 2030\u2026a lot of that growth is going to come from you folks in India,\u201d Paul Rousseau, vice president (field technical solutions division), TSMC North America, said on Thursday. Rousseau was speaking at Synopsys\u2019 SNUG 2026 event in Bengaluru. Multinational semiconductor companies along with homegrown firms are currently investing in setting up assembly, testing, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-1015734","post","type-post","status-publish","format-standard","hentry","category-it-2"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1015734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1015734"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1015734\/revisions"}],"predecessor-version":[{"id":1015742,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1015734\/revisions\/1015742"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1015734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1015734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1015734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}