Global Semiconductor Giants Turn to India

In a significant shift, international semiconductor companies, including Sharp and Onsemi, are exploring partnerships with Indian firms to establish manufacturing plants. This move is propelled by India's attractive government incentives, a burgeoning domestic market, and a skilled workforce.

China's Rising Dominance Spurs Action

Industry experts highlight the pressure from Chinese competitors as a key factor driving this trend. "Chinese firms are rapidly occupying spaces once dominated by Korean and Japanese companies," noted a source. India's growing market potential is now becoming a tangible reality, offering a lucrative alternative.

India's Semiconductor Mission: A Game Changer

The India Semiconductor Mission is offering substantial financial support for various ventures, including silicon semiconductor fabs and chip design. This initiative is creating a favorable ecosystem for manufacturers facing high costs and weak demand in other regions.

Collaborative Ventures and Future Challenges

Several joint ventures are already underway, aiming to produce chips for a range of applications from consumer electronics to automotive. However, experts warn that India must quickly address skill gaps to maintain its competitive edge against other regions developing their semiconductor ecosystems.