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ISRC Report on Semiconductor Sector
October 29 , 2023
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- The recent release of the ‘Indian Semiconductor Report and Roadmap (ISRC)’ promises a blueprint for India’s dominance in the semiconductor sector.
- The ISRC aims to boost India’s semiconductor manufacturing industry through a $6.7 billion investment.
- The report outlines a roadmap to achieve 20% market share in global semiconductor design and manufacturing by 2030.
- The semiconductor industry is the heart of technological progress, impacting everything from smartphones to military systems.
- India has been a net importer of semiconductors.
- It is relying heavily on countries like Taiwan, South Korea, and China for its chip needs.
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