India Approves New Semiconductor and LED Plants, Aims for $100 Billion Market by 2030
The Indian government has approved two new semiconductor-related projects totaling $414 million, including an LED display manufacturing facility and a semiconductor packaging plant. This move underscores India's determination to become a global electronics manufacturing hub, with a target to expand its semiconductor market to $100-110 billion by 2030.
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- 📰 Published: May 6, 2026 at 15:54
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NEW DELHI (Central News Agency) – The Indian government announced today that it has approved two new semiconductor projects totaling $414 million, demonstrating the government's determination to accelerate India's transformation into a global electronics industry hub.
According to Agence France-Presse, these two projects, an LED display-related manufacturing facility and a semiconductor packaging plant, were approved late on the 4th. This brings the total number of related facilities in India to 12, with cumulative investments reaching approximately $17.2 billion.
The Indian government began promoting domestic chip manufacturing in 2021 and has successively supported various wafer manufacturing, design, and packaging units as part of an overall strategy to reduce import dependence and strengthen the supply chain.
Prime Minister Narendra Modi pointed out that these two new projects are part of efforts to make India a "leader in the global semiconductor value chain."
A government statement indicated that the LED project will be a "compound semiconductor manufacturing and integration facility," aiming to produce mini and micro display modules; the packaging unit will serve the automotive, industrial, and electronics sectors.
The statement mentioned that these two projects will "bring significant impetus" to India's semiconductor ecosystem and "complement the country's growing world-class chip design capabilities."
India's semiconductor market size has grown from approximately $38 billion in 2023 to an estimated $45-50 billion in 2024-2025.
The government aims to boost the market size to $100-110 billion by 2030. (Compiled by Tsai Chia-min) 1150506
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According to Agence France-Presse, these two projects, an LED display-related manufacturing facility and a semiconductor packaging plant, were approved late on the 4th. This brings the total number of related facilities in India to 12, with cumulative investments reaching approximately $17.2 billion.
The Indian government began promoting domestic chip manufacturing in 2021 and has successively supported various wafer manufacturing, design, and packaging units as part of an overall strategy to reduce import dependence and strengthen the supply chain.
Prime Minister Narendra Modi pointed out that these two new projects are part of efforts to make India a "leader in the global semiconductor value chain."
A government statement indicated that the LED project will be a "compound semiconductor manufacturing and integration facility," aiming to produce mini and micro display modules; the packaging unit will serve the automotive, industrial, and electronics sectors.
The statement mentioned that these two projects will "bring significant impetus" to India's semiconductor ecosystem and "complement the country's growing world-class chip design capabilities."
India's semiconductor market size has grown from approximately $38 billion in 2023 to an estimated $45-50 billion in 2024-2025.
The government aims to boost the market size to $100-110 billion by 2030. (Compiled by Tsai Chia-min) 1150506
Choose to stand with facts, every sponsorship you make is a force to protect press freedom.
Download the Central News Agency's "First-hand News" APP to stay updated with the latest news.
The text, images, and videos on this website may not be reproduced, publicly broadcast, publicly transmitted, or utilized without authorization.