New Delhi, Sept. 23 -- India's target of meeting around 25 per cent of global semiconductor demand by 2032 will require more fabrication and advanced packaging units, along with a strong domestic supply chain and a wider manufacturing ecosystem, according to a report by JM Financials.

The report said that projects approved under the India Semiconductor Mission (ISM) 1.0 alone would require capital equipment worth USD 12-13 billion, besides a large pool of technical talent and maintenance facilities to support long-term operations.

"The global semiconductor market is expected to scale up from USD 775 billion in 2024 to USD 1.6 trillion by 2030. Simultaneously, the Indian semiconductor market is projected to touch USD 110-120 billion by 2...