MoS IT to meet chip startups on May 12
New Delhi: India's semiconductor market is projected to reach $64 billion by 2026 and Minister of State for Electronics & IT Rajeev Chandrasekhar will meet and encourage startups, next-generation innovators, chip designers and business leaders to invest in the semiconductor sector at an event as part of a series at IIT Delhi on May 12.
The minister in February inaugurated the 2nd 'Semicon India FutureDESIGN Roadshow' at IISc in Bengaluru, saying that the country is growing rapidly in global electronics value chains and rapid growth of digitalisation, along with the country's high-growth digital and innovation economy, has created opportunities in the 'New World Order of Semiconductor and Electronics'.
The first event of this series was held at Karnavati University, Gujarat last year. At the Bengaluru event, Chandrasekhar announced the first set of startups selected under the 'Semicon India Future Design DLI' scheme.
The scheme aims to offer financial incentives as well as design infrastructure support across various stages of development and deployment of semiconductor design(s) for Integrated Circuits (ICs), Chipsets, System on Chips (SoCs), Systems & IP Cores and semiconductor linked design(s) over a period of five years. According to Prime Minister Narendra Modi, "we have an exceptional semiconductor design talent pool which makes up to 20 per cent of semiconductor design engineers".