India Poised to Become Global Semiconductor Hub: IT Secretary
India has the talent and deep expertise to become a global player in the semiconductor industry, said Ministry of Electronics and Information Technology Secretary S Krishnan at a conference organized by iVP Semiconductor Pvt Ltd. The government is actively helping industries build the necessary ecosystem. With predictions from McKinsey indicating the semiconductor industry could reach a trillion dollars worldwide and IESA estimating India’s sector to hit USD 100 billion by 2030, the country is becoming a significant market for electronics and technical expertise. iVP Semiconductor recently secured USD 5 million in funding and plans to expand its production facilities.
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