Speaking at the 'Semicon India 2024' event inaugurated here by Prime Minister Narendra Modi in the presence of key industry stakeholders, Ajit Manocha, Chairman and CEO, SEMI, said the country is on its way to becoming the next power of semiconductors in Asia. and the stars are now aligned to create an ecosystem that enables the growth of India and the world.
"With AI fueling global demand for semiconductors, around 150 new factories will be needed to meet the industry's ambitious goal of $1 trillion by 2030. India will need to achieve exponential growth to maximize its share, and SEMICON India will help to catalyze this market," Manocha said.
Organized by SEMI in association with Messe Munchen India, MeitY, India Semiconductor Mission (ISM) and Digital India, the event underlines India's emergence as a global semiconductor powerhouse.
As part of its ongoing efforts to accelerate the growth of semiconductors in India, SEMI officially launched its workforce development program in India with a recent workshop on semiconductor manufacturing in association with ESSCI at IIT Delhi.
The program emphasizes collaboration with educational institutions to create specialized curricula for semiconductor design roles and co-develop skills development initiatives.
India is expected to face a workforce shortage of 250,000 to 300,000 professionals by 2027.
"Upgrading India's raw talent to meet this demand is crucial, and global players have a vital role in this effort," Manocha said.
Five semiconductor manufacturing facilities are making a total investment of over Rs 1.52 lakh crore in India.
"With a strong talent pipeline and the government's strong determination to support the development of the semiconductor industry in India, I am confident that we will succeed in becoming a reliable partner in the global semiconductor value chain in the years to come" , said Akash Tripathi, CEO of India Semiconductor Mission (ISM).
"With AI fueling global demand for semiconductors, around 150 new factories will be needed to meet the industry's ambitious goal of $1 trillion by 2030. India will need to achieve exponential growth to maximize its share, and SEMICON India will help to catalyze this market," Manocha said.
Organized by SEMI in association with Messe Munchen India, MeitY, India Semiconductor Mission (ISM) and Digital India, the event underlines India's emergence as a global semiconductor powerhouse.
As part of its ongoing efforts to accelerate the growth of semiconductors in India, SEMI officially launched its workforce development program in India with a recent workshop on semiconductor manufacturing in association with ESSCI at IIT Delhi.
The program emphasizes collaboration with educational institutions to create specialized curricula for semiconductor design roles and co-develop skills development initiatives.
India is expected to face a workforce shortage of 250,000 to 300,000 professionals by 2027.
"Upgrading India's raw talent to meet this demand is crucial, and global players have a vital role in this effort," Manocha said.
Five semiconductor manufacturing facilities are making a total investment of over Rs 1.52 lakh crore in India.
"With a strong talent pipeline and the government's strong determination to support the development of the semiconductor industry in India, I am confident that we will succeed in becoming a reliable partner in the global semiconductor value chain in the years to come" , said Akash Tripathi, CEO of India Semiconductor Mission (ISM).