India and Taiwan have signed a semiconductor development agreement…
Indian and Taiwanese industrial companies have signed an agreement to work more closely in the future on semiconductor technology, including establishing better business relations and exploring more areas of cooperation.
The India Semiconductor Association and the Taiwan Semiconductor Industry Association pledged to sign the MoU signed, hold more meetings, organize more events, look for business opportunities, help companies from every location find partners, create more information databases and more.
The agreement unites Taiwan, one of the world’s fastest-growing semiconductor-producing economies, with one of the world’s fastest-growing markets. India is also interested in building its semiconductor power, officials said.
Taiwan semiconductor market
Taiwan is the world’s largest contract chip maker, Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) and United Micro Electronics Corporation (UMC), as well as the largest chip packaging and testing company Advanced Semiconductor Engineer.
The island also has only the second largest chip design industry behind the United States in terms of revenue, and recent investments in computer memory chips have also transformed Taiwan into a DRAM powerhouse. The island accounts for about one-fifth of the world’s DRM, and companies are rapidly running on NAND flash memory.
Some Taiwanese companies have already taken advantage in India. MediaTek Inc., Taiwan’s largest chip design company and the largest manufacturer of chips for optical drives such as DVD players, has already set up a software development center in Noida, India. The center is one of MediaTek’s top selling products, the key to mobile phone chips. The Indian office not only creates user interfaces for MediaTek mobile phone products, it is also a topic from which the company can tap into India’s fast growing mobile phone industry.
MediaTek is already one of the leading mobile phone chip manufacturers in the Chinese market.
India semiconductor market news
India is proud of the world’s fastest growing mobile phone market, making it an important place for chip makers to set up shop. According to the Telecom Regulatory Authority of India (TRAI), the nation added 8.06 million new subscribers in July, an increase of 192.98 million. According to the Ministry of Information Industry (MII), the number of mobile phone subscribers in China rose to 508.56 million at the end of July.
Several chip companies around the world have set up research centers in India. Qualcomm Inc., home to the largest chip design by revenue and a major mobile chip company in the United States, has also launched a software and chip development lab in India. The company uses it as a base for research and development and as a place to promote CDMA (Code Division Multiple Access) technology, according to its website.