Taiwan supplies 75% semiconductor chip to India
As per estimates by the Indian Cellular and Electronics Association (ICEA), Taiwan supplies 75% of the chip to India that is needed in electronic devices like smartphones. The current geo-political tension and supply-chain disruption is making it harder for India to access chips on time.
The shortage can be seen in various sectors including automobiles and smartphones. As the Indian telecom companies are preparing to enter into 5G, the demand for chips will only increase, which can hamper the global supply chain anytime.
Taiwan chip manufacturer claims to have 10% domination of the world chip market. Taiwan Semiconductor Manufacturing Corporation (TSMC) has a 53% share in the global foundry market.
India has recently launched “India Semiconductor Mission” to make India self-sufficient and give boost to India’s booming electronic and automobile industry. Moreover, it aims to make India a global manufacturing hub and increase participation in the global semiconductor chip supply chain.
See What’s Next in Tech With the Fast Forward Newsletter
Tweets From @varindiamag
Nothing to see here - yet
When they Tweet, their Tweets will show up here.