4 Key Trends In India's Semiconductor Sector
Trade Deficit & Self Reliance
India's semiconductor imports hit $67.6B in 2022, highlighting the need for increased domestic production to cut dependency.
Between Indian And Foreign Companies
Collaboration between Indian and multinational companies, like Micron and Tata, are heavily investing in semiconductor infrastructure.
The Rise Of Design Startups
India, contributing 20% of the global IC design workforce, has seen a surge in design startups, growing 2.4 times since 2014.
Government Support
The government covers 60% of manufacturing setup costs, boosting India's semiconductor self-sufficiency and global competitiveness.
The Rise Of India’s Semiconductor Startups Report 2024