India urged to deepen ties with Taiwan, Japan for semiconductor growth: Report

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NEW DELHI: India should deepen its partnerships with countries like. to strengthen its presence in the. ecosystem, says a report by research firm Elara Securities...

Globally, Taiwan holds a dominant position in semiconductor manufacturing, with its companies accounting for 78 percent of the world's fab manufacturing and 53 percent of the assembly, testing, and packaging (ATMP) market...

The report states that Japan is providing training to Indian workers, while Taiwan is investing in semiconductor clusters in Southeast Asia..

Nonetheless, the report noted that the collaboration between Tata Group and Powerchip Semiconductor Manufacturing Corporation (PSMC) is a positive step towards developing the semiconductor ecosystem in India..

It underscores concerns about the talent pool, stating that while many Indian students receive semiconductor training in Taiwan, a majority prefer to stay abroad, limiting the country's ability to build a skilled domestic workforce...