• search

India has huge potential in semiconductor business: Templeton

Written by: Staff

Bangalore, Mar 28 (UNI) Growing into a 363 billion Dollar market by 2015, the electronic equipment sector in the country will provide an opportunity to the tune of 36 billion dollars for semiconductor business, Texas Instruments President and CEO Rich Templeton said today.

Addressing a select gathering of Semiconductor CEOs forming the Thought Leadership Forum of the India Semiconductor Association here on the subject 'India - the next market opportunity', he said mobile phones, which sold four times more than PCs at 800 million last year, would drive the semiconductor market.

Elaborating on the single-chip solution, he said it would effectively reduce costs and reach out to the masses. On emerging technologies, he highlighted mobile TV as a key technology that would create opportunities in the marketplace.

Mr Templeton began his address by highlighting the TI experience in India and went on to discuss how the company could revolutionise the semiconductor space in India over the next 20 years.

He said India and China were strong contributors to the global semiconductor market ISA President Poornima Shenoy, in her address, said ''ISA understands the importance of collaboration among semiconductor companies to fuel the growth of the industry in India. ISA is committed to creating an ecosystem, which will encourage companies to harness the potential of the Indian semiconductor market as well as create opportunities to enable this industry reach its full potential.'' UNI VK GD TS1639

For Daily Alerts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more