LONDON – The market place for Indian semiconductor design is likely to reach about $8.8 billion in 2011 and $10.2 billion in 2012 according to reports that reference the Indian Semiconductor Association (ISA).
The ISA provides links to reports by The Hindu and another unnamed publication on its website.
The market – which covers IC design, embedded software development and circuit board and electronic systems design – was worth $7.5 billion in 2010 and employed 160,000 people the Hindu said referencing an ISA report released on Monday (April 4). Elsewhere the growth was characterized as running at 17.3 percent year-on-year.
"We need to better train our manpower to increase the quality of work churned out. Also, having a manufacturing ecosystem would provide a fillip to the semiconductor design industry," the report quited ISA president Poornima Shenoy, as saying.
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