Semiconductor : The Emergence of Semiconductor Business in India

India’s Semiconductor Sector: The Emergence of Semiconductor Business in India

A semiconductor can be termed as a substance considered highly useful having certain electrical properties that act as a foundation for computers as well as other electronic devices. This is a fast-growing business having huge potential. Therefore, it makes sense to study more about it. The people who want to keep themselves engrossed with the latest technological advancement for them this topic is highly recommended. Please read this article till its end and make it a point to share your feedback on the same in the comment section.

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First up we need to understand that the semiconductor business is witnessing a huge leap up. It is one form of business that is making rapid progress and inroads. In fact, it won't be unfair to consider it as the basic building blocks of almost all the modern technologies that are in use. You talk about 5G, Artificial Intelligence, Electric vehicles etc all are in some way or the other related to this business or are using the same. So semiconductor manufacturing business is increasing by leaps & bounds.

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Semiconductor manufacturing is regarded as extremely significant owing to the fact that it is one of the most important components for most of the electronic devices being used at present. Smartphones, TVs, Computers, Radios all such technical equipment & devices are heavily dependent on semiconductors. They can't operate in the absence of it. Semiconductors are pretty much in demand because these are extensively used by information technology, appliances, medical electronics, consumer electronics, telecommunications etc.

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It is estimated that if we run out of semiconductors then it will impact negatively the automakers to the tune of more than 60 million USD in terms of revenue, as chip shortage will halt production. This is a classic example that goes on to reflect how important semiconductors can be & how they can adversely impact other businesses if there is a shortage of the same.

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The government of India seems to be making all the smart moves in this direction by encouraging entrepreneurs to step into semiconductor manufacturing. It is pretty evident going by the current situation and demand of semiconductors that it can contribute to a great extent in strengthening large economies. India's economy is highly robust and the Government of India is trying to tap the potential associated with this business.

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The Indian Government has declared incentive worth 76,000 crores will be provided just to boost the manufacturing of semiconductors. This initiative will help India to have a stronghold in the International market.  Companies involved with the fabrication of silicon conductors, compound semiconductors, display fabrication,  packaging & designing of semiconductors will be the beneficiary of this incentive scheme that has been rolled out. This is going to be a game changer as far as India's ambition of becoming one of the largest economies of the world is concerned.

Application of Semiconductors

Banking Industry 

Semiconductors play a major role in safeguarding your personal information & bank details, as they are used in cloud computing and digital accounting. Therefore, the banking sector is a beneficiary of the presence of semiconductors.

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Healthcare

For performing risky operations semiconductors are used in devices. They are also used in pacemakers. So healthcare industry relies on semiconductors to a great extent.

Automobile Industry

This is another industry that needs semiconductors. Planes, Trains, Buses, and Cars use semiconductors. For power management, sensing, and controlling of vehicles, Semiconductor devices are playing a pivotal role. In hybrid and electric vehicles too we see a strong role being played by such devices.

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Telecommunication

This field is also not untouched by semiconductors. Out here semiconductors basically perform the role of controlling machines. Semiconductors are used in routers, smartphones etc. So it is crystal clear Semiconductors are highly valuable for the telecommunication industry.

Household Appliances 

These appliances also use semiconductors to regulate or control automated features and temperatures. Almost all household appliances be it refrigerators, washing machines or Television requires semiconductors.

Conclusion

This article has demonstrated the importance of semiconductors. The future belongs to semiconductors. The companies involved with the manufacturing of semiconductors will have a great edge in the market. They would be able to earn vast amounts of profit owing to the demand for semiconductors across various industries. Indian Government has taken a lot of measures to support the manufacturing of semiconductors which is a welcome step and it augurs well for Indian Economy. 

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