India has huge potential in semiconductor business: Templeton

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