AI boom drives increased demand for semiconductors: Industry leaders

There is a growing significance of semiconductors, particularly driven by the rise of artificial intelligence (AI) and technologies like ChatGPT, according to industry leaders at the Nano Electronics Roadshow and Conference, hosted at the Indian Institute of Science (IISc) in Bengaluru.

They observed a sharp uptick in semiconductor consumption, with expectations for substantial growth moving forward. The leaders emphasized that India is uniquely positioned to capitalize on this opportunity, offering advantages such as a favorable geopolitical landscape, a skilled talent pool and cost competitiveness—all of which could drive economic security and job creation.