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.
BREAKING NEWS
TECHNO TRENDS
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...
Download masked Aadhaar to improve privacy
Download a masked Aadhaar from UIDAI to improve privacy. Select masking w...
Sterlite Technologies' Rs 145 crore claim against BSNL rejecte
An arbitrator has rejected broadband technology company Sterlite Technolog...
ID-REDACT® ensures full compliance with the DPDP Act for Indi
Data Safeguard India Pvt Ltd, a wholly-owned subsidiary of Data Safeguard ...
E-Magazine
TECHNOTAINMENT
Salman Khan trolled for singing with B Praak at Anant Ambani's
To celebrate Mukesh Ambani's youngest son Anant Ambani’s 29th birthday
Disney+ Hotstar wins the Best OTT Platform of the year
Film Critics Guild and Group M Motion Entertainment, in collaboration with
MOVERS & SHAKERS
SISL elevates Ankita Wadhawan as CEO—End User Computing
The IT service provider, SISL in a LinkedIn post announced the elevation
InfoVision appoints Radhika Venkatraman to its Advisory Board
Global digital services company, InfoVision has announced the appointment
OPEN YOUR EYES
INTERVIEWS
Autodesk investing in emerging Design & Make technologies to d
Autodesk partners with leading companies in a variety of industries, includ
Acuutech continues to focus on innovation, customer focus and
Acuutech with its strong partnership with Lenovo and Microsoft forayed into
HOT PICK
Canon India Introduces 4K Remote PTZ Camera Controller & 4K In
Canon India, a leading company in digital imaging solutions, further solidi
Dell Technologies launches the new consumer and gaming portfol
Dell Technologies has unveiled its newest line of AI-enabled consumer PCs
MAKE IN INDIA BRANDS
DRUVA SOFTWARE PVT. LTD.
FIREBOLTT
AGGRESSIVE ELECTRONICS MANUFACTURING SERVICES PVT. LTD.
AMARA RAJA POWER SYSTEMS LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Technology Icons Of India 2023: Debjani Ghosh
Debjani Ghosh is the first woman president of NASSCOM (the umbrella bo...
Technology Icons Of India 2023: Lt Gen (Dr.) Rajesh Pant (Retd.)
LT Gen(Dr.) Rajesh Panth (Retd.), National cyber security coordination...
Technology Icons Of India 2023: Josh Foulger
Josh is the Country Head of India and MD of Bharat FIH Ltd (A Foxconn ...
PARTNER SPEAKERS
PSU
STPI encouraging software exports from India
Software Technology Parks of India (STPI) is an S&T organization under...
BSE provides highly secure, efficient and transparent market for trading
BSE (formerly known as Bombay Stock Exchange Ltd.) is Asia's first & t...
NPCI leading India towards Digital payments
The National Payments Corporation of India (NPCI) is an initiative tak...
VIDEOS
Top 25 Brands
Value-Added Distribution
TECHNOBIND SOLUTIONS PVT. LTD.
TechnoBind’s business model is focused on identifying and partnering...
SATCOM INFOTECH PVT. LTD.
Satcom Infotech Pvt. Ltd is a distribution houses in security in India...
REDINGTON INDIA LIMITED
Redington (India) Limited operates in the IT product distribution busi...
ITFORUM 2024
WIITF 2024
CMO of the Year
WOMEN LEADERSHIP
EMINENT CIO's OF INDIA
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
