Industry to Tap $2 trillion Global Semiconductor Market, With $ 10 Billion Investment

investmentAn investment of about $ 10 billion can help industry tap into global opportunities of $ 2 trillion in market size, V Ramgopal Rao, professor at IIT-Delhi said on Monday.

There is a need to bridge the gap between the academic and industry as multiple startups are coming up in the nano-technology sector, Rao, the immediate past director at IIT-Delhi said, speaking on ‘Fuelling Manufacturing on the Nanoscale in India by Developing Semiconductor Ecosystem’ at the Bengaluru India Nano Summit 2022.

More centers of excellence (CoE), he said, need to come up and a patenting culture should be encouraged to build on the strengths of the fledgling nanotechnology ecosystem. The Maruti Suzuki model, Rao added, has transformed the semiconductor space in meeting the demand for semiconductors with a few critical changes taking place due to the collaboration between Maruti and Suzuki.

India is ranked 5th in Nano-Electronic research in the world and there are seven institutions in India that are working to boost research and development in the nano space, he said.

Agriculture, health care, and automotive sectors have huge potential in adopting nanotechnologies. India ranks 3rd in nanotechnology after the US and China in terms of wealth and knowledge generation while India ranks 5th in cognitive technology where there is a need for it to take off to newer heights. Nanotechnology has impacted 100 million lives in India and the country’s strength lies in a top-down approach, Rao said.

Samsung India R&D head Balajee Sowrirajan said the world is getting connected through intelligent devices that include the proliferation of 3D videos, gaming technology, and the adoption of 5G technology. There are millions of devices connected within a short area and nanotechnology helps in faster communication.

Earlier, Chief Minister Basavaraj Bommai said nano technology has a great potential for future, and the state government is committed to support scientific research including nano technology.

IT/BT Minister CN Ashwath Narayan said the event aims to strengthen research collaborations between Nanotechnology and Nanoscience to foster entrepreneurship and innovation.

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