New Delhi: India’s semiconductor chip market is growing at a rapid pace. The chip industry is expected to hit $100-110 billion by 2030. As the demand for chips is increasing globally, and the supply chain remains very fragile, India is fast emerging as a dominant player in becoming one of the manufacturing hubs of semiconductor chips.

The global semiconductor market is expected to reach USD 1 trillion by 2030 with India’s market occupying a substantial portion of it. The government believes that through sustained efforts, the country “has the capacity to emerge as a key contributor to the 3 primary pillars of........

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