Delivering the keynote address at the Vision Summit organised by the Indian Semiconductor Association in Bangalore on Wednesday, he said, "The semiconductor industry is a dynamic industry and is in constant transition. New trends are emerging with evolving technologies and India, with its strengths in software and design as well as the emerging manufacturing element, is extremely well-equipped to handle the transitions and redefine the global semiconductor industry."
Detailing further on how the growth should be focused, he said that putting a fab alone in India is not the answer to the growth of the industry.
"The key to the growth of this sector is to have a flexible fab which will produce low-end as well as high-end products catering to a cross section of industries."
The two-day Vision Summit is the first-ever business conference in the semiconductor industry in the region. It provides an opportunity to look into the future of this rapidly growing high-technology industry and understand its tremendous scope and potential.
Added Rajendra Khare, chairman of ISA and MD of Broadcom Inc, "We are here to position India as the preferred global hub for excellence in semiconductor product creation through technology leadership. Leveraging its competencies in software and design, as well as recent developments in the manufacturing arena, India is poised to lead the way through a new paradigm shift in the global semiconductor industry, the interdependence of software, design and manufacturing."
Ted Vucurevich, Sr VP & chief technology officer (advanced research and development), Cadence, discussing how the semiconductor industry is undergoing tremendous change, said: "As India is already a well-established global software and design hub, with foresight, vision and courage, the country has the potential to make invaluable contributions to the global semiconductor space."
He, however, pointed that India's challenge lies in understanding what is the next trend in the industry and not in following the rest of the world through simple chip manufacture.