| | DECEMBER 202319their reliance on a single region are expected to benefit from India's strategic positioning in this sector as global demand for semiconductors continues to rise. India's commitment to clean energy and sustainability may further increase the semiconductor industry's attractiveness. The focus on solar photovoltaic cells and electric vehicles is in line with the global movement toward environmental consciousness and may pave the way for a semiconductor manufacturing procedure that is both greener and more sustainable.While Interacting with CEO Insight's magazine, Deven Pabaru, Chief Business Officer, Stellar Value Chain Solutions, says," India is a very large country, and we are a very fragmented production and consumption market. This brings in a lot of upfront investment, making it a capital-intensive market. Thus, the government and industry organizations are putting in a lot of effort to make investment in this space easier. Despite being a major challenge, this, according to me, is also a key enabler for the industry to grow and mature further in terms of supply chain efficiency."Filling the Skills Gap in the Semiconductor IndustryThe chip-production industry is a gigantic, asset-serious one that requires profoundly gifted specialists at each step of the cycle, right from chip plan and assembly to testing and bundling. India has the potential to lead the semiconductor industry by developing a strong talent pool, providing solutions to global supply chain issues, and encouraging academic and startup collaboration to encourage innovation.Suraj Rengorajan, CTO, Applied Materials, while speaking at the Bengaluru Tech Summit 2023, says, "India can be an answer for the worldwide lack of semiconductor ability and has the potential to assume a part in the worldwide semiconductor store network methodology. As the business increases, we want to guarantee we have sufficient power and water to make it supportable. India has a chance to create environmentally friendly equipment."CEO Insight's magazine recently interacted with Abhijay Datta, Head - Data Engineering and Analytics Services, Emids, and he says, "Businesses are finding it difficult to navigate this `technology bloat' as I call it. And businesses are nothing but the employees who run them. I feel a leader should have open conversations with employees. They need to start mentoring them on taking personal ownership in upskilling and reskilling. Back in the olden days, employees expected their managers to guide them through their careers. But today, the most impactful thing would be to create a platform for learning and experimenting inside companies."Global ImplicationsIndia's role in the semiconductor industry has worldwide ramifications. It reduces excessive reliance on a small number of key players and diversifies the supply chain. Global technology resilience is strengthened by this diversification, especially during times of crisis. In addition, India's skilled and cost-effective workforce has the potential to significantly influence the development of cost-effective semiconductor manufacturing and design. This can make cutting-edge innovations more open to developing business sectors, driving advanced incorporation and monetary development around the world.The government has set a clear timeline for the industrial rollout of the primary indigenous chipsets through 2023-24 as a part of the Digital India RISC-V program. Notably, IIT Madras and the Centre for Development of Advanced Computing (CDAC) have already evolved microprocessors, Shakti (32-bit) and Vega (64-bit), the use of open-supply architecture. These tasks fall below the aegis of the Microprocessor Development Program of the Ministry of Electronics and IT. SURAJ RENGORAJAN, CTO, APPLIED MATERIALS, WHILE SPEAKING AT THE BENGALURU TECH SUMMIT 2023, SAYS, "INDIA CAN BE AN ANSWER FOR THE WORLDWIDE LACK OF SEMICONDUCTOR ABILITY AND HAS THE POTENTIAL TO ASSUME A PART IN THE WORLDWIDE SEMICONDUCTOR STORE NETWORK METHODOLOGY. AS THE BUSINESS INCREASES, WE WANT TO GUARANTEE WE HAVE SUFFICIENT POWER AND WATER TO MAKE IT SUPPORTABLE. INDIA HAS A CHANCE TO CREATE ENVIRONMENTALLY FRIENDLY EQUIPMENT
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