India's semiconductor ecosystem takes shape with $21 billion pipeline

India's ambitious foray into the semiconductor industry is gaining momentum with a substantial $21 billion investment pipeline. This burgeoning ecosystem is set to transform the nation's technological landscape, focusing on enhancing the value chain integral to chip manufacturing. With processes accounting for 12–15 percent of a chip's total value, the emphasis is on fostering capabilities that can elevate India's position in the global semiconductor market. Key players in the industry are collaborating with government initiatives to establish a robust infrastructure that supports research, development, and manufacturing. These efforts include setting up state-of-the-art fabrication units and nurturing a skilled workforce equipped to handle complex semiconductor processes. The goal is not only to meet domestic demand but also to position India as a competitive hub for global semiconductor production. As the ecosystem takes shape, the ripple effects are expected to bolster other sectors reliant on semiconductors, such as electronics and telecommunications. This development promises to enhance India's technological self-reliance and drive economic growth. With strategic investments and policy support, India is poised to become a significant player in the global semiconductor arena, marking a new chapter in its industrial advancement.

— Authored by Next24 Live