India Spends Tens of Billions of Dollars to enter the Semiconductor Competition
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Update time : 2022-09-28 12:52:21
As the world's fifth-largest economy, India hopes to become a chip powerhouse and take a share of this global hotspot. Like the U.S., India has been seeking strategic alliances around semiconductors, and has also moved to bring chip manufacturing into the country, creating incentives for the industry. However, there are neither large chip design companies nor industry-leading chip manufacturing companies. Why does India dare to have such ambitions?
Recently, the Indian government has been making continuous efforts in the field of semiconductor R&D and manufacturing, hoping to support the development of the local semiconductor industry through government support funds and a broad domestic market. Pranay Kotasthane, chair of the high-tech geopolitics program at the Takshashila Institution in India, recently predicted that India, the world's fifth-largest economy, will play a crucial role in semiconductors. India has obvious advantages in the global semiconductor industry competition, such as manpower. Semiconductor design requires a lot of skilled engineers, Kotasthane said. According to India's Minister of Electronics and Information Technology, India has nearly 55,000 semiconductor design engineers, accounting for 20% of such professionals in the world. If there are no leading local semiconductor companies, then seek the participation of foreign technology giants - one of the important strategies of the Modi government to develop the chip industry.
In addition, some analysts said that eight of the world's largest semiconductor companies have set up design institutes in India. Although it is still in the early stages, India is working hard to develop the technology building of domestic companies.
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