New Report Suggests India Can Expand Role in Global Semiconductor Value Chains with the Right Policies
February 14, 2024 | SIAEstimated reading time: 2 minutes
The Semiconductor Industry Association (SIA) and the India Electronics and Semiconductor Association (IESA) today welcomed the release of a report evaluating India’s existing semiconductor ecosystem and policy frameworks and offering recommendations to facilitate longer-term strategic development of complementary semiconductor ecosystems in the U.S. and India. The report, titled “Assessing India’s Readiness to Assume a Greater Role in Global Semiconductor Value Chains,” was authored by the Information Technology and Innovation Foundation (ITIF). It was commissioned by SIA and IESA through the U.S.-India Initiative on Critical and Emerging Technology (iCET) to inform government efforts to deepen commercial ties in this strategic sector.
“This is an exciting moment in history for the semiconductor industry and for strategic cooperation between the U.S. and India,” said John Neuffer, SIA president and CEO. “India is already an important link in the global semiconductor supply chain and has the opportunity to expand its role in our sector. While global competition for semiconductor investment is fierce, India’s value proposition is strong, and I’m confident it can grow even stronger with the right mix of government policies.”
Ashok Chandak, president of IESA, stated, “Given its rapidly expanding domestic market, a well-developed design ecosystem, supportive government policies, and concerted industry collaboration to tap global markets, the present juncture presents a unique opportunity for the establishment of semiconductor manufacturing in India. The report underscores India’s tremendous progress towards becoming a prime destination for electronics and semiconductor manufacturing, capitalizing on its robust semiconductor design ecosystem.”
The ITIF report concludes India’s value proposition as an investment destination for high-tech industries is promising, and identifies opportunities in India to further improve its policy, regulatory, and business environment to better compete for investment from semiconductor companies seeking to diversify their supply chains. In particular, it recommends exploring further work in the following areas to strengthen India’s semiconductor competitiveness:
- Advance U.S.-India cooperation on semiconductors through a partnership under the CHIPS for America International Technology Security and Innovation Fund (ITSI);
- Create a pilot visa program to facilitate the circulation of skilled workers between the U.S. and India, as a potential deliverable of the iCET;
- Advance policy reforms to lower the cost of doing business for semiconductor companies in India, including offering tax breaks to chip companies, reducing customs administration burdens, and expediting clearance times for goods entering the country;
- Establish cross-sector partnerships with higher-education institutions to grow India’s semiconductor-ready workforce; and
- Facilitate robust and ongoing consultation with semiconductor industry stakeholders.
Suggested Items
America Projected to Triple Semiconductor Manufacturing Capacity by 2032, the Largest Rate of Growth in the World
05/08/2024 | SIAThe Semiconductor Industry Association (SIA), in partnership with the Boston Consulting Group (BCG), released a report on the global chip supply chain that projects the United States will triple its domestic semiconductor manufacturing capacity from 2022—when the CHIPS and Science Act (CHIPS) was enacted—to 2032.
Real Time with… IPC APEX EXPO 2024: ASMPT and Technica's Successful Partnership and Future Plans
05/08/2024 | Real Time with...IPC APEX EXPONolan Johnson speaks with Frank Medina and Jeff Timms about the fruitful collaboration between ASMPT and Technica and the upcoming launch of a machine with enhanced capabilities. They also discuss partnerships with semiconductor firms, customer demo plans, and the significance of the demo center. The conversation highlights the potential in North America.
Q1 Global Semiconductor Sales Increase 15.2% YoY
05/07/2024 | SIAThe Semiconductor Industry Association (SIA) announced worldwide sales of semiconductors totaled $137.7 billion during the first quarter of 2024, an increase of 15.2% compared to the first quarter of 2023 but 5.7% less than the fourth quarter of 2023.
Worldwide Silicon Wafer Shipments Dip 5% in Q1 2024
05/07/2024 | SEMIWorldwide silicon wafer shipments decreased 5.4% quarter-over-quarter to 2,834 million square inches in the first quarter of 2024, a 13.2% drop from the 3,265 million square inches recorded during the same quarter last year, the SEMI Silicon Manufacturers Group (SMG) reported in its quarterly analysis of the silicon wafer industry.
ZESTRON Academy Launches 2024 Advanced Packaging & Power Electronics Webinar Series
05/01/2024 | ZESTRONZESTRON, the leading global provider of high-precision cleaning products, services, and training solutions in the electronics manufacturing and semiconductor industries, proudly announces the launch of its highly anticipated webinar series on Advanced Packaging & Power Electronics, a webinar series on the latest innovations, cleaning, and corrosion challenges.