Industrial Automation Magazine India

India has the opportunity to tap USD 500 bn Semiconductor market IESA report

Published on : Monday 20-06-2022

The IESA has formed a Core interest Group (CIG), a think tank on strategies for building capabilities in Semiconductor Manufacturing Materials, Equipment and Services in India.

Delhi, June 17th, 2022: Semiconductors are the heart of today's digital (AI, 5G, quantum computing and beyond) world. In this context, the India Electronics & Semiconductors Association (IESA) has released its latest report on India's 85 bn USD Opportunity in the USD 500 bn Semiconductor Manufacturing Supply chain comprising of Materials (Gases, Chemicals, Minerals, Equipment and Services, providing deep industry insights to drive Indian players and partner with the government for setting direction and enabling the Indian Industry to make a significant contribution to the global semiconductor manufacturing supply chain.

The IESA Semiconductor Manufacturing Supply chain report has highlighted that semiconductor manufacturing requires a broad spectrum of inputs like wafer materials, special chemicals and gasses, processing tools, final testing materials, and packaging resources. The companies supplying these resources and ingredients are spread across the world map. Needless to say, the dynamic geopolitical landscape creates complexity for the Semiconductor manufacturing and ESDM Supply Chain. 

To support and guide Indian industries to participate productively in the global Semiconductor Manufacturing Supply Chain, the IESA Semiconductor Manufacturing Supply chain CIG is making significant contributions. It is an industry think tank which will assess the hurdles in the Semiconductor Manufacturing Supply Chain and cull out the opportunities for the Indian market. The CIG members are industry thought-leaders and maestros from leading semiconductor companies, equipment suppliers, and service providers.

Jitendra Chaddah, Country Manager, Global Supply Chain, Intel India and Chairperson of IESA CIG on Global Semiconductor Supply Chain, said, "The Indian semiconductor manufacturing supply chain ecosystem is at a nascent stage. With the unprecedented demand for semiconductors coupled with the rapidly changing landscape of the global semiconductor ecosystem, India has an opportunity to become a critical player in the semiconductor supply chain globally. To help enable the Indian ecosystem to cater to the global demands and create value for India, a CIG has been formed with experts from the industry, government and academia who will lead the semiconductor manufacturing supply chain ecosystem development by augmenting policy support, skill development and forging global alliances. I call upon leaders from the ecosystem to join and participate in the CIG."