Meity chips away at doubt, defends its domestic semiconductor policy | Economy & Policy News


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Semiconductors (Photo: Bloomberg)

The domestic market demand for 28 nanometre (nm) and above semiconductor chips in 2023 is in the range of $17-20 billion annually, according to estimates by the Ministry of Electronics and Information Technology (Meity), said a top official in the ministry.

This accounts for around half of the total domestic semiconductor chip market requirement, which is pegged between $35 million and $40 billion in 2023.

According to a broader estimate by Counterpoint Research, between 2025 and 2030, the total semiconductor demand in India will be $600 billion. Of this, the 28 nm and above market is expected to be 30-35 per cent,

First Published: Apr 04 2024 | 7:16 PM IST


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