India, traditionally known for its prowess in software services, is now ambitiously moving towards becoming a significant player in the global semiconductor industry. This industry, which is expected to reach a market size of over $600 billion globally by 2026, represents a golden opportunity for India to diversify and elevate its role in the high-tech sector
Semiconductor ambition of India
India’s foray into the semiconductor industry is timely and strategically imperative. In an era where semiconductors are the backbone of virtually all modern technologies— from smartphones, wireless communication, and electric vehicles to AI—the demand for these components is surging globally, making nations more dependent on them. As the world increasingly contends with supply chain disruptions and geopolitical tensions impacting semiconductor production and distribution, India’s entry into this sector could bolster its technological sovereignty and position it as a crucial player in the global supply chain.
Moreover, India’s established strengths in the software sector provide a robust foundation for growth in the semiconductor domain, including the vast pool of engineering talent that accelerates its journey from being a consumer to a creator of semiconductor technology. This transition from software to hardware and services to manufacturing could mark a significant turning point in India’s technological and economic trajectory.
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Diese Geschichte stammt aus der March 2024-Ausgabe von Electronics For You.
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