Every device in the world should have a made in India chip : Desires Indian PM Modi at Semicon India 2024

He confirmed his arguments by talking numbers . India has seen somewhat more than 1.5 trillion in investments in a short span of time. From laying the stone of first semiconductor fab to giants like Snapdragon opening up its largest R&D centre in India outside San Diego , India has achieved several milestones just in a span of a year.

Also Read :India Sees a New Wave of Semiconductor Companies Acquisition in 2024

And , its not the end; various projects are under the pipeline, and very soon we will be seeing much more good news . According to some forecasts, India will enjoy a semiconductor  market of $55 billion by 2026, the demand largely fuelled by three sectors—smartphones and wearables, automotive components, and computing and data storage. Not only this , with an expected market size of more than $100 billion , India will also produce an additional 600,000 jobs by 2030.

Since there will be a huge need for skilled engineers, , Indian PM addressed the issue of talent shortage and also talked about Indian talents in the global semiconductor ecosystem .

He added :

India is a major contributor when it comes to semiconductor design .In the world of semiconductor design, we (India) alone contribute 20 % of the talent . We are preparing a semiconductor workforce of 85,000 technicians, engineers, and R&D specialists. India’s focus is on making its students and professionals ready for the semiconductor industry.

Indeed , India is spending a large amount on training its university graduates so that they can fulfil the country’s growing semiconductor demands . With providing industry level tools like Cadence Virtuoso , Synopsis PrimeTime to top Indian colleges and providing free tool support to the startups, India is trying its level best to make sure that the country doesn’t feel any shortage of talents.

While delivering his speech, PM Modi also expressed his desire :

I want every device in the world to have a made-in-India chip.

Since India is already at the forefront when it comes to semiconductor design , the country still lags when it comes to semiconductor manufacturing .Almost 100 % of semiconductors are imported . But with the coming up of various fabs currently in which 4 are under work , the country will soon reduce its dependence on imports . If everything goes as expected, the country will have its very first fab ready by early 2026 by Tata Group.

Also Read :How India’s semiconductor industry has changed in 2024 ?

India very well understands that semiconductors will drive the next generation of geopolitical events , it is trying to equip itself well . For this, only various incentives are being provided for opening up semiconductor fabrication units in India .PM Modi also talked on the sensetivity of this matter and said :

When the chips are down, you can bet on India.

Primarily trying to highlight how semiconductor fabs are too centralised, and even a small conflict can put the whole world’s future on stake.

By the way, we have covered a detailed article on “ How semiconductors will drive the next generation of geopolitical events. If interested, you can give it a read.

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