India, Nov. 3 -- They may be small components, but they have a big impact: semiconductors are the driving force behind the modern technological world.

As an indispensable component of all electronic systems, they are already miniature heroes in cars, e-bikes, home appliances, and wearables. Now, rapid growth in new technology markets - particularly robotics and data centers for artificial intelligence (AI) - means demand for them is skyrocketing.

According to a recent McKinsey study, meeting semiconductor demand for generative AI applications alone will require an additional annual volume of up to 3.6 million wafers by 2030. Meanwhile, analyses by Strategy&, and the German Electro and Digital Industry Association (ZVEI) suggest that rob...