Semicon India 2023
A game-changing event has emerged on the horizon in the ever-evolving world of technology: Semicon India 2023. This event held more than just promise; it possessed the ability to change the industry.
As a result of Prime Minister Modi’s appealing address at the event, which resonated across international borders, India invited foreign chipmakers to join its spectacular growth path in the semiconductor industry.
Global Semiconductor Revenue by Segment
Semiconductor devices are categorized into discrete, integrated circuits (ICs), optoelectronics, and sensors & actuators. In 2023, the semiconductors market is expected to make around US$8 billion in revenue. Integrated Circuits will lead the market, with a projected volume of US$3 billion in the same year. The revenue is predicted to grow steadily at 8.31% annually from 2023 to 2027, resulting in a market volume of about US$11 billion by 2027.
China will generate the most revenue among all countries, reaching an impressive US$180 billion in 2023.
India’s Expanding Semiconductor Market
PM Modi speech urged foreign chipmakers to invest in India. It demonstrates India’s desire to establish itself as a reliable chipmaking partner. The industry here is expanding thanks to important players and initiatives.
The PM’s approach coincides with government efforts to strengthen the chipmaking sector. These actions include funding research, encouraging local manufacturing, and creating a favorable environment for chipmakers to help make India a significant player in the global semiconductor industry.
PM Modi speech at the Semicon India 2023 captures India’s potential as a viable chip hub and dependable supplier. It emphasized India’s strengths, which include a qualified workforce, modern manufacturing capabilities, and a robust R&D infrastructure. A strong focus on data security, intellectual property protection, and collaborative activities strengthens India’s commitment to being a reliable semiconductor partner.
Explosive Growth in India’s Digital and Electronic Manufacturing
India has shown remarkable digital and electronic manufacturing progress, with a staggering surge in the country’s global electronic manufacturing share, soaring from $30 billion to over $100 billion. Another factor aiding growth is the notable increase in electronic manufacturing exports and the creation of over 200 mobile manufacturing units nationwide.
Global Industry Gathering at Semicon India 2023
Representatives from major corporations like Micron Technology, Applied Materials, Foxconn, SEMI, Cadence, and AMD participated in the conference. Over the three-day event concluding on July 30, industry experts specializing in semiconductor chip technology, display fabrication, chip design, and assembly converged worldwide to discuss India’s burgeoning prospects.
AMD’s Bold Investment in India’s Semiconductor Future
AMD, a prominent semiconductor player, unveiled its visionary investment strategy in India at the conference. The company plans to infuse approximately $400 million over the next five years to fortify its national research, development, and engineering operations.
AMD’s ambitious agenda includes establishing a cutting-edge campus in Bangalore, set to be the company’s world’s largest R&D facility. PM Modi speech also drew attention to the recently approved National Quantum Mission, which includes ideas for introducing semiconductor-related courses in over 300 Indian colleges.
Semicon India 2023: Catalysing India’s Chip Landscape
Under the theme “Catalysing India’s Semiconductor Ecosystem,” Semicon India 2023 convenes global leaders from academia, industry, and research institutions. The event serves as a platform to spotlight India’s chip-making strategy and policy, fostering valuable discussions and collaborations.
Foxconn Chairman’s Optimism on India’s Potential
Foxconn Chairman Young Liu is optimistic about India’s role in the chip-making industry. He highlights collaboration and India’s consumer market as key factors. Liu calls for joint efforts to create a favorable manufacturing environment based on his outlook on the growing opportunities in India’s chip-making sector.
India’s Chip Industry: A Bright Future Ahead
Despite joining the chip game relatively later, India is setting its sights high. The chip market, valued at $23 billion, has ambitious plans to skyrocket to a staggering $80 billion by 2028.
Micron Technology’s CEO, Sanjay Mehrotra, revealed plans for a substantial $2.7 billion investment in Gujarat, focused on chip testing and packaging. This intelligent move plans to create about 5,000 much-needed jobs in the state.
Sahasra’s Exciting Journey
Sahasra Semiconductors is gearing up to assemble memory chips in Rajasthan’s Bhiwadi plant by September or early October. With a targeted revenue of Rs 500 crore over four to five years, the company benefits from the SPECS scheme, securing a 25% capital expenditure incentive.
A total investment of Rs 600 crore is planned, with Rs 110 crore already invested in the initial chip assembly phase. CEO Varun Manwani shares the company’s intention to join the chip-making incentive scheme, wherein the government covers 50% of project costs.
Final Words
The focus on Semicon India 2023 and PM Modi speech highlight India’s strength in the semiconductor industry. With strategic investments and a collaborative mindset, India is poised to redefine the global semiconductor narrative.
FAQs
What are the opportunities for foreign investors in the Indian semiconductor industry?
Foreign investors have numerous prospects in the Indian semiconductor business. Among these possibilities are:
● establishing chip manufacturing plants
● Research and development funding
● Collaboration with Indian firms
● fostering the growth of a home design ecosystem
What are the risks of investing in India’s semiconductor industry?
The dangers of investing in the Indian semiconductor industry include the following:
● Expensive labor costs
● a scarcity of skilled labor
● a lack of a robust domestic design ecosystem
What is driving semiconductor demand in India?
Three industries drive semiconductor demand in India: smartphones and wearables, automotive components, and computers and data storage.
How does an expanding domestic semiconductor sector affect consumers?
Consumers can profit from a rising domestic semiconductor industry by accessing high-quality electronic products at affordable prices while encouraging local innovation.
How does a robust local semiconductor sector aid India’s other industries?
A solid domestic semiconductor industry can benefit other sectors by providing access to locally manufactured components at competitive prices, reducing reliance on imports, encouraging innovation through cross-sector collaboration, creating job opportunities, and contributing to overall economic growth.
What is the role of India in the global semiconductor market?
The global semiconductor market is seeing India grow into a prominent player. While the country is still establishing its semiconductor manufacturing capabilities, it has a strong presence in semiconductor design and software services, contributing to the industry’s innovation and growth.
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