Indian Semiconductor Manufacturing Industry is expected to grow at a CAGR of ~20% in between FY2022-2027: Ken Research

Companies are setting up manufacturing plants in India. International semiconductor consortium (ISMC), a joint venture between Abu Dhabi-based Next Orbit Ventures and Israel’s Tower Semiconductor, plans to invest Rs 22,900 crore ($3 billion) in a chip fab. In May 2022, it signed an agreement with the Karnataka government to set up an Electronics Manufacturing Cluster… Read More »

Indian Semiconductor Manufacturing Industry is expected to grow at a CAGR of ~20% in between FY2022-2027: Ken Research

Expansion of Manufacturing Plants: Companies are setting up manufacturing plants in India. International semiconductor consortium (ISMC), a joint venture between Abu Dhabi-based Next Orbit Ventures and Israel’s Tower Semiconductor, plans to invest Rs 22,900 crore ($3 billion) in a chip fab. In May 2022, it signed an agreement with the Karnataka government to set up… Read More »

Increasing demand by end user industries and adoption of smart devices will contribute to the growth of Semiconductor Industry in India : Ken Research

100% import driven industry The semiconductor industry in India relies completely on imports. Countries exporting semiconductors to India include China, Taiwan, the USA, Japan, etc. India has an advantage of designing chips. However, weak research & development (R&D) focus, prohibitive costs of acquiring intellectual property (IP), and limited start-up capital have inhibited the potential of… Read More »