India’s entry into Chip Equipment manufacturing will be a great benefit and a positive step in the country’s growth. As per sources, India has great potential to be a semiconductor manufacturer. However, India is still many steps behind the other semiconductor manufacturing and packaging plants. We will share details about India’s possibilities and benefits of entering the semiconductor manufacturing and packaging plants. Let us begin with the current going situation and the updates from Fab Economics CEO below.
What Did Fab Economics CEO Danish Faraqui Said About The Semiconductor Manufacturing In India?
CEO of Fab Economics, Danish Faruqui, explains the possibilities and opportunities with India to use semiconductor manufacturing as a masterstroke. As per the details, India is already lagging in the industry compared to other nations. However, it is still not too late. India will bring semiconductor wafer fab equipment manufacturing soon in the country. It is available to a few nations only. The country is trying to get into it to overcome a big chunk of competition.
Apart from that, there are a lot of positive aspects of entering semiconductor WFE manufacturing. Not only a few individual companies, but the policymakers in India also favor it. Union Minister Rajeev Chandrasekhar says that the Indian semiconductor industry is not a risky business anymore. While many are still not in its favor. Raghuram Rajan says that India has more pressing needs than chips.
The ones in favor mention that WFE supply is currently limited. Thus, it is the need of the world. It took a long delivery time as well due to lack of supply. Thus, the supply is less and the demand is more. This is why, India is a big country that has the potential to excel in the sector. Not only this, India has already announced WFE. Apart from that, people consider semiconductor manufacturing in India as China’s copy. India is taking the steps to move further and planned a completely different procedure this time. They will learn from other nations’ mistakes and improvise further.
Due to the US and China’s Beijing tensions, China faced a lot of hardships and tough points during the US sanctions and WFE blocking in China. We shared different details about semiconductor manufacturing in India. The potential for its growth seems to be high in the upcoming years. Thus, it will be interesting to see how the manufacturers handle these upcoming projects. Stay tuned for more information.