New Delhi, Sept. 22 -- India's semiconductor opportunity is expanding beyond chip fabrication and packaging, with the country now focusing on building a complete ecosystem covering chip design, equipment, materials, advanced packaging, research and electronics products, YES Securities said in a report on the SEMICON India 2026 conclave.

The report said the next phase of India's semiconductor growth will depend on the country's ability to capture more value across the wider supply chain rather than focusing only on wafer fabrication.

"The economic opportunity is potentially much larger in the ecosystem surrounding semiconductor manufacturing than in wafer fabrication alone," YES Securities said.

The report noted that the growing semicon...