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Searched Tag: semiconductor market
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Vehicle chip cost to double by 2030, says NITI Aayog

April 15, 2025, 08:59 AM - 3 min read

The cost of semiconductor chips used in vehicles is projected to double to USD 1,200 by 2030, NITI Aayog has said. This sharp rise stems from the adoption of electric powertrains, smart features, and autonomous systems reshaping the global automobile industry.

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India’s semiconductor market to cross $150 billion by 2030

April 2, 2025, 11:43 AM - 4 min read

India’s semiconductor market is expected to exceed USD 150 billion by 2030, with AI chips alone accounting for over USD 21 billion. A report highlights Bengaluru’s dominance in the sector, government incentives, and challenges such as reliance on imports and capital-intensive fabrication requirements.

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