India will spend $30 billion to restructure its IT industry and build up a semiconductor supply chain to ensure it is not “kept hostage” by foreign providers, a top Indian diplomat told Nikkei Asia in an interview.<\/p>\n
According to Gourangalal Das, director-general of the India-Taipei Association, the South Asian country’s de-facto embassy in Taipei, the investment initiative is aimed to boost local production of semiconductors, displays, advanced chemicals, networking and telecom equipment, as well as batteries and electronics.<\/p>\n
“There is a rise in demand for semiconductors,” Das was quoted as saying in the report. He went on to say that India’s chip demand is expanding at a rate roughly double that of the rest of the world. “By 2030, India semiconductor demand will reach $110 billion. So by that time, it will be over 10% of global demand.”<\/p>\n
Unlike the United States and the European Union, who want to bring in some of the most cutting-edge chip production, Das said India wants to bring in more “mature” chips.<\/p>\n
Apart from a vast domestic market, India has a large pool of engineers, according to Das, who will help the country attract international investors and revitalise the local electronics industry.<\/p>\n
He further added that India was considering not only LCD display technology, which is widely used in televisions, but also higher-end organic light-emitting diode (OLED) displays, which have become popular in premium and foldable smartphones.<\/p>\n
According to him, the main goal of India’s $30 billion programme is to develop a complete supply chain ecosystem. Two chip facilities and two display plants will cost a total of $10 billion. Almost $7 billion will go to the electronics industry, which includes manufacturing behemoths like Foxconn and sister iPhone assembler Pegatron. The remaining $13 billion, Das said, would go toward “affiliated services such as telecommunications, networking, solar photovoltaic, sophisticated chemistry, and battery cells.”<\/p>\n","protected":false},"excerpt":{"rendered":"
India will spend $30 billion to restructure its IT industry and build up a semiconductor supply chain to ensure it is not “kept hostage” by foreign providers, a top Indian diplomat told Nikkei Asia in an interview. According to Gourangalal Das, director-general of the India-Taipei Association, the South Asian country’s de-facto embassy in Taipei, the investment initiative is aimed to boost local production of semiconductors, displays, advanced chemicals, networking and telecom equipment, as well as batteries and electronics. “There is a rise in demand for semiconductors,” Das was quoted as saying in the report. He went on to say that […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-799267","post","type-post","status-publish","format-standard","hentry","category-it-2"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/799267","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=799267"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/799267\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=799267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=799267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=799267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}