India is one of the fastest-growing economies in the world, with a large and expanding consumer market. The increasing adoption of digital technologies, smartphones, and other electronic devices has led to a surge in demand for #semiconductors within the country. This domestic demand provides a strong foundation for semiconductor manufacturing and related industries to thrive.
The government has launched several initiatives to promote semiconductor manufacturing and attract investments in the sector. The 'Make in India' campaign, introduced to boost domestic manufacturing across various industries, has a specific focus on electronics and semiconductors. Additionally, the government's National Policy on Electronics aims to make India a global hub for electronics manufacturing, including semiconductors.
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India is one of the fastest-growing economies in the world, with a large and expanding consumer market. The increasing adoption of digital technologies, smartphones, and other electronic devices has led to a surge in demand for #semiconductors within the country. This domestic demand provides a strong foundation for semiconductor manufacturing and related industries to thrive.
The government has launched several initiatives to promote semiconductor manufacturing and attract investments in the sector. The 'Make in India' campaign, introduced to boost domestic manufacturing across various industries, has a specific focus on electronics and semiconductors. Additionally, the government's National Policy on Electronics aims to make India a global hub for electronics manufacturing, including semiconductors.
Today's Headline in News Hour
0:00 Intro
3:03 Govt cautions citizens against fraudulent shortened URLs
3:32 #Amazon joins the generative AI race with $100 million investment
3:58 #IntelIndia head Nivruti Rai quits after 29 years
4:24 #Twitter reconciles with Google after it resumes paying for its cloud services
4:55 #Micron announces new semiconductor assembly and test facility in India
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India –Electronics Hub
It is a very important move in the journey of ‘Make in India’ for electronics. The journey started in 2020 with an aim of attracting large investments in the country that includes manufacturing of electronic components, semiconductors and mobile segments. India’s cabinet has approved a $6.37 billion (Rs 637 crore) plan to boost electronics manufacturing. The policy has set an ambitious target of increasing electronics manufacturing in the country to $400 billion by 2025. The new measures that come at a time when the world is battling the coronavirus epidemic and halting global supply chains is aimed at attracting large investments in the country that includes manufacturing of electronic components, semiconductors and mobile segments. The Scheme shall extend an incentive of 4% to 6% on incremental sales of goods manufactured in India and covered under target segments, to eligible companies, for a period of five subsequent years. The move is likely to give an aggressive push to ensure big companies such as Apple, Samsung, Huawei, Oppo and Vivo, besides contract manufacturers like Foxconn and Wistron bring their global supply chains to India and make the country an electronics hub.
With a population nearing 1.4 billion, India has emerged as one of the largest markets for electronics products in the world. While the highest growth is in demand for smartphones, lighting products, security products as well as industrial technologies, there is also significant expansion in markets for medical electronics, defense, and emerging technologies such as 5G, IoT, Industry 4.0, and smart cities. As per a report, the country’s electronics market is forecast to reach $400 billion by 2025. Secondly, there is a huge gap in supply of electronic components such as PCBs, capacitors, resistors, chip components and semiconductor devices. “The recent disruptions in the global supply chain and challenges p
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Centre invites new applications for semiconductor fabs manufacturing unit #shortsvideo
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Modi government offering 50% financial assistance for comp to establish Semiconductor Manufacturing
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Prime Minister Narendra Modi and Sanjay Mehrotra, CEO of Micron Technology indulged in a conversation wherein the PM shared his dedication to advancing semiconductor manufacturing in India.---------------------------------------------------------------------------
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PM is dedicated to advancing semiconductor manufacturing here in India- Sanjay Mehrotra
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Minister of State for Electronics and IT Rajeev Chandrasekhar said the government is working on a policy roadmap to build and design electronic systems and semiconductors in India. Speaking at the India Ideas Summit, organised by United States India Business Council, Chandrasekhar said the new policy and roadmap will be announced this month.
Govt to soon announce policy for semiconductor manufacturing, says MoS IT
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The Global Semiconductor Manufacturing Equipment Market finds that the increasing semiconductor industry is expediting market growth. Primarily driven by growing usage of semiconductor in a variety of applications, such as automobiles and smart devices, the total Global Semiconductor Manufacturing Equipment Market is estimated to reach $153.1 Billion by the year 2028, as per the report from vantage market Research. The Global Semiconductor Manufacturing Equipment Market revenue stood at a value $94.9 Billion in the year 2021 and is forecasted to grow exhibiting a Compound Annual Growth Rate (CAGR) of 8.3%. Asia Pacific is projected to dominate the worldwide Semiconductor Manufacturing Equipment market. Furthermore, the growing government initiatives are also anticipated to augment the growth of the Global Semiconductor Manufacturing Equipment Market. The increasing semiconductor industry is anticipated to augment the growth of the Semiconductor Manufacturing Equipment Market within the estimated period. The global semiconductor industry was valued at $553 billion in 2021, up from $440 billion in 2020, an increase of over 25%.
Further, as per Semiconductor Industry Association (SIA), 2021, the computing and communication are about equal in size and comprise the major end uses of semiconductors, representing over 60% of global market value and the industrial and automotive uses comprised 12% and 11.4% respectively of the global market value. The increasing usage of semiconductor in a variety of applications, such as automobiles and smart devices is anticipated to augment the growth of the Semiconductor Manufacturing Equipment Market in the years to come. A normal vehicle, for example, has approximately USD 330 in semiconductor value, but a hybrid electric vehicle with a fully integrated sensor platform encloses between USD 1000 and 3500 in semiconductor value. As a result, the demand for semiconductor manufacturing equipment is anticipated to grow due to risi
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