OCTOBER, 202419INDUSTRY INSIGHTSThe day of March 13th, 2024, will be remembered as a great landmark in the technological advancement of India with the initiation of its first commercial semiconductor fabrication unit in Tulera, Gujarat and the inauguration of first native Outsourced Semiconductor Assembly and Testing OSAT plant in Jagi Road, Assam. These projects have been cleared swiftly by the Government of India and this has now become a new world record in terms of efficiency indicating the readiness of India for the growth of a strong semiconductor industry. These initiatives have been successful and this is attributed to the efforts of the stakeholders that have been coordinated by the India Semiconductor Mission. These are developments that mark a big leap towards India's dream of becoming self-reliant in semiconductor, which is an important pillar of the digital ecosystem.Strategic Partnerships and Technology AccessSemiconductor fab is complex and capital-intensive business, which means that the right technology, talent, and capital are critical in the success of the business. Currently, Tata Electronics has a strategic cooperation with Taiwan's Powerchip Semiconductor to obtain the technology platform of 28-nanometer to 110-nanometer nodes. These technological nodes are required to serve growing markets including the AI, automotive, data storage and communication markets which are rapidly expanding across the world.This partnership will help India greatly in its ability to ramp up production of complex semiconductor chips, thereby keeping India relevant on the global market. However, owning the technology is not sufficient; semiconductor manufacturing is a team affair that needs more than one thousand players in the field.LAYING THE FOUNDATION FOR INDIA'S SEMICONDUCTOR FUTUREAt SEMICON India 2024, the President and CEO of Tata Electronics, Dr. Randhir Thakur, spoke on the trends that have been set by India in the manufacture of semiconductors. He stressed on the need for cooperation, ecosystem creation and strategic partnerships; shared Tata's mission of developing a strong semiconductor industry as the pillar for digital India. Following are the key insights.Dr. Randhir ThakurPresident & CEOBy Dr. Randhir Thakur, President and CEO of Tata Electronics
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