India has been a pioneering force in semiconductor design and the fabless side of the value chain. Now, the current strategic and regulatory tailwinds are making the dream of domestic chip manufacturing a reality. At such a critical juncture, the inherent complexity of the semiconductor sector warrants a deep dive to understand this evolving landscape.

Designed as a concise yet comprehensive guide, this thesis is beneficial for those who are new to semiconductors as well as seasoned industry professionals seeking insights into emerging opportunities in the semiconductor value chain.

Inputs from and experiences of enterprising founders, veteran industry experts, and other stakeholders led us to identify and map critical whitespaces across the semiconductor value chain – compound semiconductors, quantum computing, and domain-specific architectures.