Semicon India 2024 marked a turning point in India's quest to establish itself as a global leader in semiconductor manufacturing. This three-day event, held in Greater Noida from September 11-13, 2024, brought together leaders from across the semiconductor industry, government officials, academia, and technology experts. Inaugurated by Prime Minister Narendra Modi, the event focused on strengthening India's position in the global semiconductor supply chain.
The event was organized in partnership with Messe Muenchen India and the Electronic Industries Association of India (ELCINA). The three-day event took place from September 11-13, 2024, at the India Exposition Mart Ltd (IEML) in Greater Noida, Delhi NCR. It showcased the country’s rapidly expanding semiconductor ecosystem, highlighting India’s growing influence in the global semiconductor industry. With discussions on chip manufacturing, strategic partnerships, and skill development, Semicon India 2024 showcased India’s growing potential in this vital industry.
Prime Minister Narendra Modi’s opening address at Semicon India 2024 set the tone for the entire event, emphasizing the importance of "silicon diplomacy." He declared that India is committed to becoming a global semiconductor powerhouse, leveraging its growing technological prowess and government initiatives. The Prime Minister’s vision is for every electronic device globally to eventually incorporate Indian-made chips, and his government is working towards achieving this ambitious goal.
PM Modi highlighted the government's target to transform India’s electronics sector into a $500 billion industry by 2030. This transformation in semiconductor industry in India is expected to generate 60 lakh new jobs, significantly contributing to the country's economy. The Prime Minister underscored how Digital India has already made India a significant player in electronics manufacturing. Once heavily dependent on imports, India is now the second-largest producer and exporter of mobile phones, a testament to its rapid industrial progress.
The success of the Digital India initiative has been instrumental in laying the groundwork for India’s semiconductor ambitions. PM Modi stressed how the initiative has created a multiplier effect in the electronics and semiconductor sectors. The rise in mobile phone production is just one example of how India has pivoted from being an importer to becoming a top global exporter. As the country continues to invest in digital infrastructure, the next phase is to lead in semiconductor chip production, a key component in the modern global economy.
Recognizing that a highly skilled workforce is essential to support the growth of India’s semiconductor industry, Semicon India 2024 placed great emphasis on skill development. Numerous workshops and seminars were organized to engage with students and young professionals, offering them opportunities to explore careers in the semiconductor field. The event also showcased India’s efforts to nurture the next generation of semiconductor engineers and technicians, a key aspect of building a sustainable industry.
One of the major highlights for students and young professionals was the semiconductor fabrication boot camp, hosted by the India Semiconductor Association (ISA). This boot camp offered hands-on experience in chip manufacturing and fabrication processes, providing participants with valuable insights into the practical aspects of the industry. Additionally, Micron Technology delivered a presentation on advanced packaging solutions, further expanding knowledge on the future of semiconductor production.
A key theme at Semicon India 2024 was the emphasis on cross-regional partnerships to advance India’s semiconductor goals. The event facilitated discussions on strategic collaborations with countries like Japan and the United States.
One of the major announcements was the technology transfer agreement between Powerchip Semiconductor Manufacturing Corporation (PSMC) and Tata Electronics. This deal marks the first commercial wafer fab in India in three decades, representing a significant milestone for the country's chipmaking ambitions.
Semicon India 2024 also saw major semiconductor equipment suppliers such as Tokyo Electron and Lam Research enter the Indian market. Tokyo Electron will provide cutting-edge chipmaking tools for Tata Electronics' wafer fab, while Lam Research has established a new semiconductor lab in India. These moves reflect the growing opportunities for equipment suppliers as India expands its chipmaking infrastructure.
Several groundbreaking announcements were made during Semicon India 2024 that will shape the future of India's semiconductor industry:
India’s semiconductor market, currently valued at $23.2 billion, is projected to reach $80.3 billion by 2028. With a compound annual growth rate (CAGR) of 17.10%, India’s role in the global semiconductor ecosystem is poised to expand rapidly. Semicon India 2024 demonstrated the country’s potential to become a leading player in the semiconductor supply chain, driven by government initiatives, global partnerships, and a growing domestic market.
Semicon India 2024 was more than just a conference—it was a platform that showcased India’s bold aspirations and commitment to becoming a global semiconductor hub. The combination of strong government support, strategic partnerships, and a focus on building a skilled workforce ensures that India is well on its way to leading the semiconductor revolution. With the groundwork laid, India’s semiconductor industry is set to grow exponentially, playing a pivotal role in the future of global technology.
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