IESA VS 2024: India's rising role in global electronics and semiconductor industry

IESA Vision Summit 2024 held on 24th and 25th of Jan 2024 witnessed participation of global semiconductor eco partners such as semiconductor equipment companies, EDA companies, Indian emerging product and IP start-ups, government officials and academia on a single platform to discuss how they can collaborate hand-in-hand and work in partnership to make India semiconductor industry a part of global semiconductor network, where India plays a critical role as hub. At the event, some of the India's strengths were confirmed by speakers and panelists such as India is home to 20% of VLSI design workforce of the world and nearly 70% of semiconductor chip making companies of the world have their presence in India or part of their operations outsourced to India based semiconductor services businesses. India is also growing as one of the biggest market for semiconductors with around 30+ billion US$ worth of semiconductors consumed in India in 2023, and it is one of the fastest growing market in the world. India has a dedicated mission called India semiconductor mission in establishing semiconductor manufacturing eco, where India is not working on isolating itself nor isolating any region. India is actively partnering with US, EU and Japan and other semiconductor powers enabling win-win like establishments for semiconductor manufacturing in India It's not only central government, ...