Minister of State for Electronics and IT Rajeev Chandrasekhar said that the country will soon have a talent pool of 85,000 highly-skilled professionals in the semiconductor space….reports Asian Lite News
India is aiming to create 100 semiconductor design startups in the near future that will develop innovative designs and solutions not only for the domestic market but also for the world, Minister of State for Electronics and IT Rajeev Chandrasekhar said here on Friday.
Addressing a gathering of students, young innovators, industry stakeholders and others at IIT Delhi, the minister said that the country will soon have a talent pool of 85,000 highly-skilled professionals in the semiconductor space.
“Our target is to create 100 semiconductor design startups as there are immense innovation possibilities in this space,” said Chandrasekhar during the keynote at the third edition of the flagship ‘Semicon India’ event.
According to Chandrasekhar, in just 14 months, the country has not only created opportunities in manufacturing and design but “with brand new curriculum in place, we will soon deliver a brand new 85,000 talent pool not only for India but also for the world”.
“There is nothing in the digital space or in the tech space that India will not be a part of in the coming years,” said the minister.
Hidetoshi Shibata, President and CEO of Japanese semiconductor manufacturing company Renesas Electronics, said at the event that India is a critical part of the company’s global business and there are countless opportunities for collaboration in the semiconductor space.
Prime Minister Narendra Modi has allocated a budget of Rs 1,200 crore to invest in the Indian semiconductor design startups.
The country recently launched a Rs 76,000 crore production-linked incentive (PLI) scheme for semiconductors and display manufacturing units.
Sequoia Capital India makes 2nd semiconductor investment
Sequoia Capital India on Friday announced its second semiconductor investment this year in InCore Semiconductors, which is building RISC-V processor cores in the country.
InCore Semiconductors raised $3 million in a seed-funding round from Sequoia Capital India announced during the IT Ministry’s ‘SemiCon India FutureDesign Roadshow’ led by Minister of State for IT and Electronics, Rajeev Chandrasekhar, at IIT Delhi.
“Semiconductors are the tech building blocks and a key catalyst to India’s $1 trillion digital economy goal. This will require joint commitment and collaboration from all sets of stakeholders – be it startups, investors or the government,” said Chandrashekhar.
Earlier, Sequoia Capital India invested $2.32 million in Mindgrove, an IIT Madras incubated semiconductor startup designing innovative System on Chips (SoCs).
“We’re grateful to have an opportunity to contribute to India’s nascent semiconductor industry. In the last few months, the firm has partnered with two ambitious early-stage Indian semiconductor companies innovating in RISC-V and custom silicon. There’s a massive opportunity for deep tech startups,” said Mohit Bhatnagar, MD, Sequoia India.
G.S. Madhusudan, CEO and Co-founder, InCore Semiconductors, said that with its comprehensive suite of customisable RISC-V core-generators, core-hubs, and SoC platforms, “we are driving innovation and enabling companies to build cutting-edge semiconductor solutions”.
Prime Minister Narendra Modi has allocated a budget of Rs 1,200 crore to invest in the Indian semiconductor design startups.
The country recently launched a Rs 76,000 crore production-linked incentive (PLI) scheme for semiconductors and display manufacturing units.