Singapore is exploring new initiatives such as manufacturing of semiconductor ecosystem in India and participating in the creation of technological solutions, the president Tharman Shanmugaratnam said.

1. Demand Drivers:
   • Increasing demand for electronics: Smartphones, IoT devices, and automobiles.
   • Growth in sectors like automotive electronics, telecommunications, and 5G deployment.
   • Expansion of AI, data centers, and renewable energy technologies.
2. Key Challenges:
   • Limited semiconductor fabrication (fab) facilities.
   • Dependence on imports for critical components.
   • High capital investment and technical expertise required.

1. Semiconductor Mission:
   • Announced in December 2021, the India Semiconductor Mission (ISM) is a government-backed initiative aimed at establishing a sustainable semiconductor and display manufacturing ecosystem in the country.
   • Focus areas include:
     • Setting up semiconductor fabs and display fabs.
     • Promoting research and innovation in semiconductors.
     • Building a skilled workforce.

2. PLI Scheme:
   • The Production-Linked Incentive (PLI) scheme for semiconductors offers financial incentives to companies investing in chip manufacturing and design.
   • The scheme allocates Rs.76,000 crore (approximately $10 billion) to boost domestic production.
3. Chip Design Ecosystem:
   • India is already a global hub for semiconductor design, with many multinational companies like Intel, Qualcomm, and Texas Instruments operating design centers in the country.
   • Startups like Saankhya Labs and Signalchip are contributing to indigenous design capabilities.
4. Partnerships and Collaborations:
   • Vedanta-Foxconn JV: Vedanta and Foxconn are collaborating to set up semiconductor and display fabs in Gujarat.
   • Micron Technology: Announced a chip assembly and test facility in Gujarat with significant government support.
   • Partnerships with global leaders like TSMC and STMicroelectronics for technology transfer and expertise.
5. Research and Development:
   • Institutions like IITs, IISc, and government labs are actively involved in semiconductor R&D.

1. Self-Reliance:
   • Reducing dependence on imports and building indigenous semiconductor capabilities.
   • Focus on producing chips for sectors like defense, space, and critical infrastructure.
2. Economic Impact:
   • Expected to generate significant employment and contribute to GDP growth.
   • Potential to position India as a global semiconductor manufacturing hub.
3. Global Semiconductor Supply Chain:
   • India's efforts align with the global push to diversify semiconductor manufacturing away from traditional hubs like Taiwan and China.

India's semiconductor industry is at a transformative stage, with strong policy support, rising investments, and growing demand paving the way for a robust ecosystem.