Ten to twenty chip manufacturing plants are required in India over the upcoming 10 years, says the Semicon India organiser Semi President and CEO Ajit Manocha on Wednesday, adding that a huge interest is seen developing in the semiconductor ecosystem, specifically in Taiwan following the success of Foxconn and Wistron in India.
"I think we will need probably in the next 10 years… maybe 10-20 fabs in India. This is a rough estimate," he said.
Semi will organise the first global conference on the semiconductor ecosystem, Semicon India 2024 from September 11-13 in Noida.
He also pointed out that the present government has put in place a clear policy that supports the semiconductor ecosystem in India, saying, "For the first time, stars are aligned in favour of India. The public policies are in favour of India. The geopolitical issues are definitely much more in favour of India and the investment capacities are also in favour of India."
There will be more than 650 booths and over 250 semiconductor companies will exhibit at Semicon India.
"We don't have any space left at Semicon India otherwise we would have loved to host more companies," Manocha said.
He said that the current investment made in India for setting up wafer fabrication plants and chip packaging plants should be made very successful to attract global investors to India.
Tata Electronics, Micron, CG Power, Suchi Semicon, and Kaynes Technologies are setting up semiconductor units in India. Tata Electronics is the only company setting up two units, including the country's first big wafer fabrication plant.
Manocha said that artificial intelligence has become a key in driving demand for semiconductors.
"Two-third of growth in semiconductors is being led by AI now," he said.
Follow us
