Unleashing Innovation:T-Hub’s Semiconductor Incubation Program
In the race for technological advancement, semiconductor technology has emerged as a crucial player, supporting a wide range of applications from smartphones to space exploration. As the global manufacturing industry shifts towards Industry 4.0 and governments and consumer services embrace digitisation, the demand for semiconductors is poised to experience a significant surge in the coming decade.
Presently, Indian engineers constitute roughly 20 per cent of the world’s semiconductor design workforce, with over one lakh VLSI Design Engineers working in both global semiconductor companies and domestic design service firms. While Indian engineers are designing a substantial number of chips for global corporations, only a few intellectual properties and designs are owned by Indian entities.
To establish the domestic capability to design intellectual property and chips for the future in
India, it is crucial to create a vibrant, sustainable, and competitive startup ecosystem. Such an ecosystem can either independently develop chips or collaborate on chip development for the global market.
The Semiconductor Revolution in India
The Indian semiconductor market is expected to reach USD 55 I billion by 2026, with a significant portion of this growth, over 60 per cent, being driven by three key industries: smartphones and wearables, automotive components and computing, and data storage. Forecasts indicate that this market will further expand to USD 85 billion, generating up to 600,000employment opportunities by the year 2030.
The market offers significant opportunities for startups who are willing to innovate. In India, startups have directed their efforts towards semiconductor chip design, IP design and design services. They operate at the forefront of technology, delving into chip design tools with a specific emphasis on areas such as –
AIC T-Hub’s Semiconductor Program: Fostering Innovation
The program is a joint initiative between Atal Innovation Mission (AIM) and T- Hub, aimed at fostering the growth of semiconductor technology in India. AIM, established by the Government of India, seeks to support greenfield incubation centres that nurture innovative startups. T-Hub is a pioneer in the Indian innovation ecosystem, working to create a profound impact on startups, corporates and other stakeholders.