Technology
Report pegs India chip demand above $117 billion
The Hindu BusinessLine··4h ago
A 360 ONE Capital report projects India's semiconductor demand from about $56 billion in 2025 to more than $117 billion by 2030, roughly 16 percent CAGR. Twelve approved India Semiconductor Mission projects represent more than $18 billion of investment. The brokerage said ISM 2.0 could catalyse over $35 billion more. Near-term value may show first in construction and equipment support.
Prism
What It Means For You
- The report frames India's chip demand path as a 2025 to 2030 projection, not a current order book.
- Twelve approved India Semiconductor Mission projects are valued at more than $18 billion.
- Near-term listed opportunities are described among construction, utilities and equipment support firms.
What's Happening
- 360 ONE Capital said commissioning, customer qualification and yield stabilisation will take three to five years.
- It said capacity is being built ahead of proven demand and supplier depth.
- The theme should be evaluated over a 10-15-year horizon, the report said.
The milestones the brokerage is watching
- Localisation of recurring inputs and higher-value packaging are described as later stages.
- The brokerage listed yield improvement, customer qualification and volume ramp-up as watch points.
- Direct fab and OSAT economics are described as becoming visible after ecosystem spend.
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