BANGALORE, INDIA: “Solution requires innovation and innovations can lead us to face big tech challenges. Being in this industry, we need to be ready to face all the challenges,” said Lip-Bu Tan, president and chief executive officer, Cadence Design Systems, Inc. addressing the delegates, engineers and developer community on his keynote during CDNLive! India 2010, an annual user-group conference, here on Wednesday.

"Asia Pacific region is growing on a high rate when it comes to semiconductor industry, especially China and India. Now, China has realized the importance of semiconductor industry and stopped importing oil,” said Tan.

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He added, venture capital investment will rise in the coming days in Asia Pacific region and we need to capitalize the opportunity.

“Innovation and IT education is tremendous in India. I can see a good growth here in the semiconductor market thanks to high talent level and innovation happening. I am quite excited to see huge investment for the next five years here,” added Tan.

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He further added, power efficiency is a critical part of their strategy in helping towards going green. “We are ready with new innovations to see a change in coming years with a lot of transformations,” he added.

Electronics and semiconductor are the two key areas for investment and government should recognize and realize the potential benefit of it before it is executed, he added.

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Briefing on the key market drivers, he said, “Cloud computing is a big area followed by mobile apps. Mobility is no more just a phone nowadays, as we see a lot of application development happening and it is becoming a very important market to focus.”

Another keynote speaker, John Bruggeman, CMO, Cadence Design Systems, said everything is changing rapidly here, which we never expected. “Even we want to contribute to the change and want to see the change with EDA 360,” he said.

He opined that, as the market is growing faster in a higher rate, we are tend to have complex problems and the only solution to address it is to unite together.