'Half The Global Semiconductor CEOs Now Believe In India': Rajan Anandan

Can India become a serious player in the global semiconductor industry despite entering the fabrication race later than established players? In this conversation with NDTV, Peak XV Managing Director Rajan Anandan argues that India's strategy of starting with 28-nanometre and above chips is aimed at capturing a large and growing domestic market. He estimates that India's semiconductor consumption could reach $100 billion by 2030 and $200–250 billion by 2035–36, with more than half of that demand coming from chips in this category. Anandan also highlights the growth of India's semiconductor design ecosystem, including startups working on advanced chips, while acknowledging that building cutting-edge fabrication capabilities will take time. He says he is increasingly confident that India can eventually build some of the world's most advanced semiconductor fabs.