International companies have started making investments in the industry and things look promising for now, but in the long run, sustained government support will be crucial
In December 1947, when the US created the first successful semiconductor amplifier, India was just a few months old as an independent country. Fast-forward to today. Although late by many decades, global industry players are chipping in to push India closer to its semiconductor dream. But it will be all about keeping the momentum going because the road to make an end-to-end chip in India is at least two decades long, according to experts.
Semiconductors, or chips, are used in most major electronic devices, from smartphones and televisions to automobiles, rockets, and even military weapons. For the last two years, in the wake of the Covid-19 pandemic, there has been a global chip shortage. Usually, a cyclic drought lasts for a year at most, but the current one is only expected to end by early 2024.