India targets $300bn electronics production by FY26, driving a $90-$100bn demand for semiconductors, mainly due to mobile manufacturing, according to ICEA.
India aims to reach $300bn electronics production by FY26, driving a demand for semiconductors worth $90-$100bn, mainly due to domestic mobile manufacturing, according to India Cellular and Electronics Association (ICEA). The current electronics manufacturing at $103bn implies a semiconductor requirement of $26-$31bn, with chip components constituting 25-30% of electronics products' bill of material (BOM).
May 05, 2024
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