India, Jan. 12 -- The surge of Artificial Intelligence (AI)-integrated devices, wearable electronics, data processing and networking centres, and the use of chips in the automotive industry has made semiconductors central to innovation excellence. Now wonder then, global semiconductor sales in the financial year 2024-25 reached $628 billion - roughly equivalent to the gross domestic product (GDP) of countries ranked around 30th in the world.

The semiconductor industry is growing rapidly across continents, and the Union government has launched many programmes to support research and innovation in this area. The India Semiconductor Mission was launched with a large budget to develop the entire semiconductor value chain in India, including ...