New Delhi, June 17 (FN Agency) India needs to gear up to tap USD 500 billion semiconductor manufacturing supply chain market, an India Electronics and Semiconductor Association (IESA) report said on Friday.As per the report, the semiconductor supply chain has become a national interest from a security and economic perspective.The ongoing disruptions in the semiconductor industry and ESDM (Electronic System Design and Manufacturing) Supply Chain have reiterated the importance of diversified and reliable resources. Consequently, national governments and big corporations worldwide are working strenuously to fortify the Semiconductor and ESDM Supply Chain. They are also adding futuristic manufacturing capabilities such as FABs and ATMPs to fuel the widespread national semiconductor independence trend creating regional chip manufacturing hubs.
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 sustain the current accelerated market demand for semiconductors and ultra-volatile markets, the growing number of semiconductor manufacturing facilities worldwide are constantly looking to diversify their supply chains.
This new-age need opens tremendous opportunities for Indian industries to tap on and thrive. The Indian semiconductor industry can build materials, equipment and services capabilities, thereby making notable contributions to the global Semiconductor Manufacturing Supply Chain. By simply tapping into the wide world of semiconductors, the Indian industries can benefit from an economic, business and supply chain perspective,” the report said. 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.”