Design excellence to manufacturing powerhouse: Shortening India's semiconductor journey to success

economictimes.indiatimes.com:

semiconductor sector has witnessed growth driven by enhanced digitalisation and technology adoption across fields such as AI, IoT, healthcare, and communications. The revenue of the global semiconductor industry touched $601.7 billion in 2022, showcasing the potential for it to evolve into a trillion-dollar industry by 2030.

In recent years, India's wish to establish itself as a prominent player in the global semiconductor industry has gained significant traction.

To encourage the establishment of semiconductor manufacturing facilities in India, the government has implemented schemes like the production-linked incentive (PLI) and design-linked incentive (DLI). By providing additional incentives, tax exemptions, and relaxed regulations, it is anticipated that more investments will be drawn into this sector.

With a growing emphasis on self-reliance and local manufacturing, the country aims to shorten the journey towards achieving a sustainable, self-dependent semiconductor ecosystem. Drawing inspiration from the huge potential that lies ahead and the success stories of some countries in the manufacturing space in the past, India is strategically leveraging its strengths and charting a course toward becoming a formidable contender in this transformative field.

Learning from the success of other countries
One of the pivotal takeaways from the experienced countries' semiconductor journey is the need to focus on India's unique strengths.

While achieving end-to-end manufacturing capabilities is essential, it's equally crucial to enhance the assembly and packaging sectors. This holistic approach ensures that the entire supply chain is robust, reducing dependency on external sources.