Analysts and the government will have to carefully monitor the global investments in the semiconductor industry and then form strategies accordingly.
Texas Instruments (TI) India managing director Santhosh Kumar believes that the analog semiconductors market will likely grow from innovations in the automotive, industrial, high-speed communications, and factory segments where cost, size, and power will matter. At the Semicon India event 2024, Kumar told the media that the company is now completely focused on increasing investments and developing innovative products in these areas.
Currently, many of these products are developed and designed in India, keeping in mind the world’s demands. When a company is deeply engaged with local customers, the domestic requirements are viewed extensively, and therefore, it helps you launch a wide range of products.
Kumar added that TI is expanding its R&D to unleash cost-effective and top-notch solutions for the Indian market. The products are expected to be furnished with impeccable quality and features as required for the end equipment. In 1985, the company founded its first R&D unit in India, with offices now available in Bangalore, Pune, Delhi, and Ahmedabad.
The upcoming phase of India Semiconductor Mission (ISM) should urgently focus on establishing a robust supply chain. This is crucial as it directly impacts the quality and predictability in the chip fabrication and packaging business. India must strive to lead the supply chain ecosystem, and the government must attract numerous companies and their suppliers to set up their units in India.
Most importantly, India will have to manufacture products for its consumption and the rest of the world. Therefore, analysts and the government will have to carefully monitor the global investments in the semiconductor industry and then form strategies accordingly.
