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Singapore, India beef up semicon industry collaborations

Posted: 04 Feb 2015 ?? ?Print Version ?Bookmark and Share

Keywords:ESDM? wafer fabs? high-end manufacturing?

The Singapore Semiconductor Industry Association (SSIA) and the India Electronics and Semiconductor Association (IESA), the trade body representing the Indian Electronic System Design and Manufacturing (ESDM) industry, signed a Memorandum of Understanding (MoU) that aims to establish and develop trade and technical cooperation links between the electronics and semiconductor industry of both countries.

India and Singapore are two countries with varied strengths and opportunities in their respective ESDM industries. India has a huge domestic ESDM market, but lacks adequate manufacturing capacity. The demand-supply gap is expected to widen up to $300 billion by 2020 as the ESDM industry size is expected to reach $400 billion, while local production and services is estimated to be around $100 billion. On the other hand, Singapore is one of the leading countries in manufacturing of electronics products and semiconductors. With approximately 40 IC design companies, 14 silicon wafer fabs and 20 assembly and test units, Singapore nurtures an end-to-end ESDM ecosystem.

While it opens opportunities for Singapore EDSM companies to move up the value chain by shifting some manpower intensive operations to competitive and proximal locations like India; Indian firms are benefitted through setting up their operations in Singapore, providing them a better understanding of the trends and demands in the South East Asian markets. the full article on EE Times India

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