India intends to invest up to $30 billion in semiconductor manufacturing

India intends to invest up to $30 billion in the creation of production and supply chain of semiconductors,

made according to technological standards 28-65 nm.This step is aimed at increasing local production of Indian semiconductors and reducing dependence on foreign suppliers in such areas as the creation of telecommunications equipment, automotive electronics and the production of batteries. Demand for chips in India is growing twice as fast as the rest of the world and is projected to reach $110 billion annually by 2030. This growth is due to the development of local industry and a large number of qualified engineering personnel. India is betting on the development of the production of mature technologies, in contrast to the United States and Japan, which seek to establish the production of advanced technologies. Chips made using 28-65 nm technological processes are widely used in the electronics of electric vehicles, TVs and monitors.