AI boom drives increased demand for semiconductors: Industry leaders

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AI boom drives increased demand for semiconductors: Industry leaders - Business Standard

Quick Summary:

On the capital front, Shah expressed appreciation for the government's aggressive and comprehensive semiconductor policy, which has been instrumental in advancing Tata Electronics' efforts.

With nearly 70-75 per cent of investments in major semiconductor facilities coming from taxpayer money, every Indian is a stakeholder in this mission,” said Krishnan.“Infact, 20 per cen of the workforce in semiconductor design is in India.

He pointed to examples like Taiwan, where semiconductor output contributes 25 per cent to GDP (gross domestic product), and the U.S., where the industry plays a significant role in economic growth.