IIT Hyderabad, MeitY and NXP India come up together to boost semiconductor and IP startups

IIT Hyderabad, Ministry of Electronics and Information technology (MeitY) and NXP India have joined their hands to announce the launch of the 'Semiconductor Startup Incubation and Acceleration Program'.

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IIT Hyderabad, Ministry of Electronics and Information technology (MeitY) and NXP India have joined their hands to announce the launch of the ‘Semiconductor Startup Incubation and Acceleration Program’.

The program’s main aim to locate, mentor and facilitate semiconductor and IP design start-ups in India majorly in technological along with business aspects also.

As we know that NXP India is one of the biggest R&D center for Semiconductors and leading world in secure connectivity solutions for embedded applications.

Ajay Sawhney, Secretary, Ministry of Electronics and IT (MeitY), said: “It is a significant step as India is poised to increase its share in innovation-driven global manufacturing of mobile phones, IT hardware, automotive, industrial and medical electronics, IoT and other devices.”

As per the statement given, this programme will support India’s vision of making our country a self-reliant nation as it’s going to creates a ready platform to support all start-ups aiming to design semiconductor chips in India.

The local hardware designing and product’s manufacturing going to strengthen the core Technology-driven pillar vision of Aatmanirbhar Bharat and in turn will also boost India’s economy to large level, generate employments, and increases India’s position globally in the electronics industry by moving up in the value chain, the statement added.

“The next decade will be all about creating a “world that anticipates & automates” with a lot of smart connected systems around us. All of that will lead into making our planet a better place to live in and it will fun to innovate in. These smart connected systems have a core semiconductor technology at the heart of it. In that context, I see Semiconductor Startup Incubation and Acceleration program can bring the core impetus to the strengthening of fabless semiconductor design in India and I am very excited and looking forward to see the outcomes with this program” statement given by Lars Reger, Executive Vice President and Chief Technology Officer at NXP Semiconductors.

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