Steps are moving towards semiconductor revolution in the country, the government has approved a budget of 10 billion dollars. From the ramparts of the Red Fort, when Prime Minister Narendra Modi mentioned semiconductor manufacturing, naming this century as the era of technology, then it can be understood that this area will be very important for India in the coming times.
Meanwhile, the India Electronics and Semiconductor Association (IESA) on Tuesday predicted that the size of the country’s semiconductor equipment market is expected to reach $300 billion by 2026. The Production Linked Incentive (PLI) scheme will boost domestic semi-components in the coming years. That is why the country is taking important steps in this direction. There is going to be a massive investment for setting up semiconductor manufacturing units in Maharashtra, Karnataka and Tamil Nadu.
What is Semiconductor?
Why it is important for India to be self-reliant in this sector and a report showing the status of investment in this sector including the above three states: In the era of data and artificial intelligence in which we have entered, the role of semiconductor is most important. Whether it is mobile or car, computer or small and big machines used in domestic to commercial use, semiconductors are being used in all. Like other countries, India is still dependent on foreign countries, especially Taiwan, in the field of semiconductor manufacturing.
For a long time there was a demand that India should be self-reliant in this field, but during the Covid epidemic, when the supply of semiconductors from the international market started affecting Indian industries, then it was felt that the country should start semiconductor Should be self-sufficient in the field of construction. Taiwan, China, and imports from korea and japan India imports a huge amount of semiconductors from Taiwan, China, South Korea & Japan. If we talk about the global supply of semiconductors, Taiwan alone accounts for 60 percent of it. Taiwan Semiconductor Manufacturing Company is the world’s largest semiconductor manufacturer in Taiwan.
Current Situation
In the current situation, due to the deteriorating relations between China and Taiwan, it has become very important for India to be self-reliant in this area. If preparations are not made in time, then our IT and other industrial sectors can be adversely affected. Semiconductor is a special kind of material. They work to control the flow of electricity. Through this data processing takes place. In simple words, it is the brain of the electronic device. digital life Digital infrastructure is being built to connect more than 1.3 billion citizens in the country. We are leading the way in the leadership of the next technology revolution. Work is going on fast on 5G, Artificial Intelligence, IoT (Internet of Things), clean energy etc.
