Ministry of Electronics and Information Technology (MeitY) Secretary S. Krishnan has emphasized that India possesses the talent and deep expertise, which is needed to become a global leader in the semiconductor industry, which is a crucial sector for the nation.
At a conference which was organised by fabless semiconductor firm iVP Semiconductor, Krishnan said that the government is actively supporting the industry to establish a robust semiconductor ecosystem. He underscored the government's commitment to fostering a growth-friendly environment by providing essential support and infrastructure. Additionally, he acknowledged iVP Semiconductors' significant role in generating demand to utilize the manufacturing capacity in wafer fabrication.
"I would like to congratulate iVP Semiconductor on the creation of an Indian fabless chip company," he said.
According to the global management consulting firm McKinsey, the semiconductor industry is expected to become a trillion-dollar industry globally, while the India Electronics and Semiconductor Association (IESA) estimated the sector to reach $100 billion by 2030.
Meanwhile, a recent report by TeamLease Degree Apprenticeship said that the country will require 2.5 lakh-3 lakh skilled professionals by 2027 across Research and Development (R&D), design, manufacturing and advanced packaging domains.
The report mentioned that the expansion is poised to generate approximately 1 million global jobs by 2025-2026, aligning with India's broader economic and industrial growth objectives.
ALSO READ: Farewell to Floppy disk: Japan pulls the plug on a tech relic unknown to Gen-Z
The Japanese government has finally announced that they are getting an upgrade and will be getting rid of this ancient technology. Government officials have used floppy in the offices for ages, and it was reportedly stated that this storage technology from the system for the last 2 years, has finally got off the shelf.
ALSO READ: India is the most active country for Meta's Threads: Here is the reason
In an official statement, Meta said, "Threads is primarily used for text-based creation, but many people are supplementing their posts with media."
"Photos are also one of the most used features on the app, with one in four Threads posts including at least one. With the introduction of an in-app camera and the growing Photography Threads community, photos have become a popular way to enhance text-first posts," it further added.
Inputs from IANS
