CIOInsider India Magazine

The economics and implications of the semiconductor business have undergone sea changes over the past 25 years - from highly specialized R&D to a thriving, quickly expanding world wide economy. Market researchers consistently show that the global semiconductor market is expected to grow at a CAGR of almost 10 percent until 2030, reaching $1080.83 billion. Demand is soaring, and we need more

semiconductor manufacturing hubs.

Today, Asia accounts for more than 80 percent of semiconductor manufacturing in the world. The opportunities for countries like India are humongous. It’s not a coincidence that Nvidia recently showed massive interest in collaborating with India to develop a new AI chip, enabling them to tap into the country’s huge talent in semiconductor design. The CEO of Nvidia, Jensen Huang, has extensively talked with Prime Minister Narendra Modi about a potential partnership during their meeting a few months ago. However, this is not the only avenue Nvidia is exploring. The company has also been partnering with top academic institutions in India. Thapar Institute of Engineering & Technology signed an MoU with Nvidia a few months ago to establish Thapar School of Advanced AI & Data Science.

Underlining the country’s ambitions, Union Minister Ashwini Vaishnaw recently stated that India will launch its first "Made in India" chip during the World Economic Forum in Davos. On the other hand, Indian Finance Minister Nirmala Sitharaman increased the budget allocation for important technological projects by almost 84 percent to Rs 18,000 crore. The wind is favorable, and opportunities are humongous in this segment. This special issue of CIO Insider is an endeavor to decipher those opportunities. Do let us know your thoughts