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Riding surging AI demand, India is positioning to win a slice of the $400 billion semiconductor-equipment market by 2030, starting with lower/mid-complexity tools (vacuum systems, wafer handling, packaging gear) and materials where OEMs want China-plus capacity.
Officials are rolling out ISM 2.0 to pull global makers, deepen local gases/chemicals, and back MSME suppliers; industry groups say the domestic equipment market alone could touch $5 billion by 2030, with a 10% global share in sight by 2032 if infra, incentives and exports line up. Moves like KLA’s new Chennai R&D hub point to the ecosystem forming around Chennai and other clusters.
