Indian semiconductor component market is expected to reach $32.35 billion by 2025, growing at a CAGR of 10.1% between 2018 and 2025 according to IESA Semiconductor Fabless Startup report unveiled at Vision Summit 2018.
The report was launched by Ashwini K Aggarwal, Chairman, IESA; Anilkumar Muniswamy, Director, SLN Technologies; and Jitendra Chaddah, Chair, Fabless CIG and Senior Director, Strategic Relations and Operations, Intel India on IESA’s annual flagship event – Vision Summit.
The Vision Summit is a global leadership conclave for the Electronics System Design & Manufacturing (ESDM) industry. This year, the theme is Resurgent India: Electronics, Entrepreneurship and Economy attracted a powerful line-up of industry experts, thought leaders, policy makers, government officials, business and technology experts, venture capitalists, entrepreneurs who shared their views and vision on the future of the ESDM industry as well as the trends, challenges, and opportunities shaping the Indian industry.
Ashwini K Aggarwal, Chairman, IESA addressing the Summit said, “We are witnessing the rise of a new India with a stable government clearing policy logjams, taking bold decisions and ambitious targets. With digital as the growth hack and aggressive engagement from the government’s “Make in India” campaign, the ESDM industry will benefit and is projected to see investment proposals over $1.5 billion over next 2 years. We believe that now is the time to build the future of design led manufacturing.”
Further, during the launch of SFAL and fabless report, Jitendra Chaddah, Chair, Fabless CIG, IESA, and Senior Director, Strategic Relations and Operations, Intel India said, “Given the availability of abundant talent and chip design expertise in India, I am very excited about the tremendous opportunity we have to accelerate the semiconductor fabless ecosystem in the country. The SFAL (Semiconductor Fabless Accelerator Lab) announcement by the Govt. of Karnataka in collaboration with IESA and the release of fabless report are going to be key ingredients to enable India in becoming a Design-led Electronics Manufacturing hub in the coming years.”
Priyank M Kharge, Minister for IT, BT and S&T, Government of Karnataka said, “Along with the support of IESA, we want to inculcate a fabless ecosystem to propel the ESDM sector and encourage manufacturing not only in the state but in the rest of the country too. We have also providing opportunities through our programme Evevate100 to encourage innovation across all regions of Karnataka.”