Microchip: TATA wants to lead India to world domination of the sector …
While the focus is on new cooperation between BRIC countries on the financial side, India is heavily investing to enter the microchip industry heavily.
According to Nikkei , Raja Manickam, CEO of Tata Technologies, this week came out in favor of India and Southeast Asia as a destination for chip makers. His contention is that the country has an attractive location and easy access to shipping routes.
“It's always a matter of position, position and position,” Raja said this week during a semiconductor conference organized by the industrial association SEMI. He criticized the locations where semiconductor manufacturing currently takes place in Asia, calling the area prone to "geopolitical concerns" and "natural disasters".
Taiwan and South Korea are currently the two main players in the sector and both countries face new tensions with China and North Korea, the report said.
The Indian government has already put in place a $ 10 billion incentive program to develop a semiconductor ecosystem. Raja continued: “The government has done its part and the respective states are also competing with their incentive packages. It is the Indian private sector that must step forward ”.
He also said the industry needs India as much as India could use production capacity: “Many large semiconductor companies have R&D locations in India, so it makes sense that research centers are surrounded by plants. of production ".
He stressed that India "offers a huge market of end users".
Loy Hwee Chuan, executive director of telecommunications, media and technology at DBS Bank of Singapore, agrees with Raja. Chuan said: “ [The] overall semiconductor market in India is expected to grow at a compound annual rate of 18.8%, reaching $ 64 billion in 2026. We could see more investment in India and Southeast Asia. , as manufacturers adopt the 'China plus one' strategy ”.
Raja concluded: "When Tata does something, it's usually huge and Tata president Sons Chandra (Natarajan Chandrasekaran) has already signaled that semiconductors will be one of his top priorities."
So we will have a new global microchip supplier, only it will be huge and with the potential for incredible production volumes. Meanwhile, Europe is struggling to attract even secondary productions.
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The article Microchip: TATA wants to lead India to world domination of the sector… comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/microchip-tata-vuole-guidare-lindia-al-dominio-mondiale-del-settore/ on Sat, 25 Jun 2022 06:00:19 +0000.