India marching ahead to setup Semiconductor eco-system
By MYBRANDBOOK
Semiconductor chips are the brain behind most electrical and electronic equipment that require some form of computing intelligence. Beginning from smartphones to electric vehicles, semiconductor chips are required everywhere. India is already a major hub for semiconductor research, chip design, and equipment engineering, but its future potential is even greater. As electronics now its second biggest import cost after energy.
India’s semiconductor demand is expected to more than double to $64 billion by 2026, launched a Rs 76,000 crore semiconductor scheme that aims to establish semiconductor and display fabrication facilities and the corresponding chip ecosystem.
India’s goal is to become a world leader in the semiconductor industry. Domestic semiconductor consumption is expected to cross $80 billion in 2026. It is a known fact that most of the chips are manufactured in Taiwan. TSMC, the world's largest contract chip manufacturer, started making semiconductor chips in 1987. According to estimates, 90% of 5 nanometre (nm) chips are mass-produced in Taiwan by TSMC. However, the tensions between China and Taiwan have led to a global chip shortage.
Increasing tensions between the US and China are encouraging global chip makers to change their supply locations. This has a paradigm shift and these chip makers are currently concentrated on moving to East and Southeast Asia. Both the Indian government and the Tata group are placing their bets to ensure this shift will make India a new hub for semiconductor technology.
The United States and India’s semiconductor groups have teamed up to reinforce their cooperation in the global semiconductor industry. India holds over 6 percent of the world’s rare earth reserves, some of which are vital to the production of semiconductors, and Indian companies have been pushing for the government to take advantage of this fact.
Several Government Initiatives for Gearing Up the Indian Semiconductor Industry. India has launched a Rs 76,000 crore semiconductor scheme that aims to establish semiconductor and display fabrication facilities and the corresponding chip ecosystem.
Going forward, it will be an important platform to bring together global resources to identify actionable plans to support India to increase its presence in the world-wide chip industry and then enable global collaboration to execute the plans across all segments of the design and manufacturing supply chain, as well as creating semiconductor talent for the world.
Google Pay has added "Open Wallet" shortcut
With the introduction of the "Open Wallet" shortcut, Google Pay has impro...
TRAI targets to finalise National Broadcast Policy by May-end
The Telecom Regulatory Authority of India will finalise the National Broa...
TAC Security becomes Cyber Security Assessor for the App Defen
The cybersecurity company, TAC Security has been selected as a key Cyber ...
InterGlobe’s Rahul Bhatia and C.P. Gurnani together announce
In a move that is set to transform the AI landscape, Rahul Bhatia, Group M...
NETWEB TECHNOLOGIES INDIA LTD.
INFOSYS TECHNOLOGIES PVT. LTD.
AGGRESSIVE ELECTRONICS MANUFACTURING SERVICES PVT. LTD.
HAVELLS INDIA LTD.
Technology Icons Of India 2023: Vijay Shekhar Sharma
Vijay Shekhar Sharma is an Indian technology entrepreneur and billiona...
Technology Icons Of India 2023: Shailendra Katyal
Shailendra is instrumental in Lenovo achieving the no.1 position in PC...
Technology Icons Of India 2023: Josh Foulger
Josh is the Country Head of India and MD of Bharat FIH Ltd (A Foxconn ...
CERT-IN protecting the cyber security space of India
CERT-In serves in the area of cyber security threats like hacking and ...
TCIL continues to strengthen India with its technology expertise
TCIL undertakes consultancy & turnkey projects in the field of Telecom...
C-DAC keeps India ahead in IT & Electronics R&D space
Centre for Development of Advanced Computing (C-DAC) is the premier R&...
B D SOFTWARE
BD Software is the distributor of IT security solutions in India. The ...
TECHNOBIND SOLUTIONS PVT. LTD.
TechnoBind’s business model is focused on identifying and partnering...
SUPERTRON ELECTRONICS PVT. LTD.
Supertron deals in servers, laptops, components, accessories and is a...