A Netherlands-based chipmaker, NXP Semiconductors, is in discussion with the Union government to tender a project on The Unique Identification Authority of India, which is incorporating more biometrics and AI in chip authentication.
The proposal is in its early stages but NXP Semiconductors is in mind to accept the project as the UIAI strives to surpass hurdles like payment fraud and data attacks.
Hitesh Garg, India Head at NXP Semiconductors spoke in May on the company’s drive to advance India’s Research and Development (R&D) capabilities and cultivate India as a semiconductor export hub to rival China as a leader in electronic manufacturing.
Expanding supply chains and reducing super players in the global semiconductor industry would be crucial to welcoming India to the “China plus One” strategy and opening up global competition.
There were hints at India’s tactics to concentrate on building more partnerships within the “overall semiconductor ecosystem” to rapidly develop India’s credentials as a chip exporter, rather than relying on imports from other countries for chip design and fabrication. Perhaps the stationing of a semiconductor manufacturing base in India will encourage more global companies to migrate and set up their manufacturing operations out of India.
India’s semiconductor industry in 2022 was worth approximately USD 27 billion with over 90% of production being imports from countries like China, however, by 2027, India’s market aims to be less co-dependant on external suppliers and consumers and increase its value to USD 55 billion.
A company boasting a revenue of USD13.21 billion, the likely partnership between NXP Semiconductors and The Identification Authority of India will boost economic prosperity towards USD 5 trillion by 2026/7.
