In 2019, Counterpoint Research and the India Electronics & Semiconductor Association (IESA) valued India's semiconductor industry at an impressive US$22.7 billion. The domestic market for semiconductors in 2022 exceeded US$27 billion, with over 90% of the volume being imported from regions like Taiwan, China, South Korea and the United States.
As the semiconductor industry embraces sustainability, global leaders join initiatives to reduce environmental impact. Simultaneously, AI-powered automation propels growth, reshaping sectors from healthcare to automotive. The surge in demand for specialised chips highlights the industry's dual commitment to sustainability and technological innovation.
Asian nations, including India, Cambodia, and Thailand, surge in semiconductor prowess. Marvell's Ho Chi Minh City design hub, Thailand's ambitious plans, Sequoia's India investment, and Indonesia's EV potential reshape the industry's landscape.