Semiconductors serve as the foundation of modern technology, powering all electronic devices. The industry has rapidly expanded in recent years to meet market demands, driven by advancements like cloud computing, AI, and 5G deployment.
 
India has identified semiconductors as a priority sector due to their potential for substantial economic growth and technological advancement. With increasing electronics consumption across sectors and a growing demand for smart devices—all of which utilize semiconductor devices—India aims to bolster domestic manufacturing capabilities and reduce dependency on imports. This strategic focus aligns with global trends towards digital transformation and connectivity, positioning India to become a significant player in the semiconductor industry and fostering innovation, job creation, and economic resilience.