India Semiconductor Association (ISA), the apex trade body representing the Indian semiconductor industry, released the ISA-DIT study on semiconductor design, embedded software and services industry. The study was released by Kapil Sibal, Minister of Communications and Information Technology.
According to the report, the Indian semiconductor design industry, consisting of VLSI design, embedded software development and hardware/board design is estimated at US$7.5 billion in 2010 and is expected to grow YoY at 17.3 per cent and reach US$ 10.2 billion by 2012
Commenting on the report, Poornima Shenoy, ISA president, said, “India ranks in the top few countries in the world on the availability of relevant talent plus colleges and the ability for high end design companies to scale up. If we are able to fix the issues of sector specific skills and quality, India could become a world leader in this space.”