Bhubaneswar / New Delhi, Mar 23 (FN Bureau) The semiconductor industry in India is projected to generate over one lakh job opportunities within the country in the next few years, according to Raghu Panicker, CEO of Kanye’s SemiCon Pvt. Ltd, an expert in the field. “Outsourced Semiconductor Assembly and Test (OSAT) is crucial for India and holds great promise for the industry,” said Panicker, while delivering a lecture at the Institute of Technical Education and Research (ITER), the faculty of Engineering and Technology of Siksha ‘O’ Anusandhan (SOA) here on Saturday. He mentioned that the government anticipates more than 100,000 job opportunities in the semiconductor space, which would have a positive economic impact on the semiconductor ecosystem’s development.
Panicker emphasized the importance of OSAT and the Advanced Testing and Manufacturing Process (ATMP) and the opportunities they present for India’s technical ecosystem. Expounding on the opportunity areas, he underscored India’s dominance in the services sector for nearly two decades, referring to notable IT giants like TCS, Infosys, HCL, and WIPRO. Panicker also referred to India’s prowess in Artificial Intelligence (AI) and Machine Learning (ML) combined with its status as a design powerhouse, accounting for a substantial chunk of the global design workforce and boasting world-class universities. He emphasized Kaynes’ leading role in the OSAT space, positioning the company as a key player poised as a frontrunner in the semiconductor domain from silicon to system.
Highlighting India’s digital landscape, boasting impressive statistics such as 880 million broadband subscribers, 1.31 billion Aadhar registrations by the end of 2022, and a burgeoning market for industrial automation spending, which was poised to reach 29 billion dollars, Panicker elucidated the global semiconductor supply chain, delineating its various stages from design and manufacturing to OSAT/ATMP, end products, and consumption. He also projected a significant market share increase for EV 2-wheelers, with estimates suggesting a rise from three percent in 2023 to 45 percent by 2030, which would substantially boost the value of the Power Module market.