What is Semiconductor and global semiconductor industry market size

What is Semiconductor

A semiconductor is called such components which are needed in every electronic item such as TV, AC, mobile, laptop, refrigerator, washing machine, car, airplane, etc.

The reason behind the use of semiconductors is that semiconductors can act as both insulators and conductors, so the flow of electrons through the semiconductor is controlled.

Global semiconductor industry market

According to the Semiconductor Industry Association report, the global sales of Semiconductor in 2022 could exceed $600 billion.

Semiconductor market share in India

India also imports 100% of semiconductors and spends US$ 24 billion every year and its demand is expected to reach US$ 100 billion by 2025.

Government has launched a 10 billion dollars (Rs 76000 crore) production linked incentive (PLI) scheme, which will be invested in setting up the semiconductor industry in the next 4-5 years.

India has also signed a deal with Taiwan for $ 7.5 billion to transfer the technology to set up the chip plant.

These chips can be used from 5G devices to electric cars, so from all these steps, the government feels that local production of semiconductors can be started in India in the next 2-3 years.

The government will also provide infrastructure (ultra-pure water, zero failure electricity, specialized gas, and chemical) to the company to manufacture semiconductors in India.

To run just one manufacturing plant, up to 4 million gallons of ultra-pure water, zero failure electricity, specialized gas, and chemicals are required daily and manpower is also required for this.