India’s semiconductor component market to reach $300 billion by 2026
India's semiconductor component market is likel to reach $300 billion in cumulative revenues by 2026, as 'Make in India' and production-linked incentive (PLI) schemes will boost local sourcing of semi-components in the coming years, a new report said.Mobile and wearables, IT and industrial segments currently contribute around 80 per cent of the semiconductor revenues in the country in 2021.Further policy reforms and building of a semiconductor ecosystem will reduce reliance on imports going forward, according to the…