TI bullish on India semicon market

BANGALORE: India has strong fundamentals to become a big semiconductor market in the world, Dr Biswadeep Mitra, managing director of Texas Instruments India (TI) said.

Delivering a keynote at the 10th edition of the two-day Texas Instruments Developer Conference (TIDC) India 2007, which opened here today, Dr Mitra explained the fundamentals as the significant number of innovations that are happening in India and the immense talent available in the country.

According to the India Semiconductor Association, India's total semiconductor consumption in 2005 was about $2.8 billion, met chiefly through imports. This demand is likely to exceed $36 billion by 2015.

"We will address this upcoming strong market through high performance analog." Dr Mitra said. "We can go to each and every electrical company in the country and we have something potentially applicable to them in our analog portfolio."

India's electronic equipment consumption, which was estimated at around $28.2 billion in 2005, is likely to reach $363 billion by 2015, growing at around CAGR of 30 per cent. The Indian electronics equipment domestic production was $10.99 billion in 2005 and projects an opportunity to touch $155 billion in 2015.

Besides the semiconductor market, TI is also focusing on medical, telecom and wireless markets in the country.

TIDC India 2007 is one of the largest semiconductor ecosystem events in the Asia-Pacific region, both in terms of the number of participants and representation across the semiconductor ecosystems from developers to partners to academia.

“TIDC is our flagship event that showcases technologies and solutions that will help improve the quality of life and will make technology more affordable,” Dr Mitra said.

The event showcased technology that bring down the cost of high definition video and drive adoption of video across emerging sectors such as surveillance IP cameras, high-definition television and medical imaging.