NXP Semiconductors, one of the world's largest (USD 8.88B) semiconductor manufacturers.

January 2025 – As 2024 came to an end, sharing the year-ender quote on behalf of Mr Hitesh Garg, Vice President and India Managing Director, NXP Semiconductors:

"The Indian semiconductor industry has made remarkable strides in 2024, with the government's transformative Semiconductor Mission and cumulative incentives surpassing Rs 76,000 crore, attracting investments in state-of-the-art fabrication facilities and design ecosystems. The sector is projected to grow at a CAGR of over 19% between 2023 and 2027, reflecting the nation's commitment to becoming a global semiconductor powerhouse. This progress is propelling India into a key position in the global semiconductor value chain.

As we step into 2025, the focus will shift towards system design and AI-driven innovations, with semiconductors at the heart of India's transition into the intelligent age. Initiatives like the India AI mission and advancements in edge computing, 5G, and IoT are creating unparalleled opportunities to integrate cutting-edge AI capabilities into system design. These innovations will accelerate industries such as automotive, healthcare, and telecommunications, enabling smarter, more efficient solutions. With a vibrant talent pool and robust digital infrastructure, India is well-positioned to leverage its semiconductor & ESDM ecosystem to shape a future defined by intelligence on the edge and connectivity.

At NXP Semiconductors, we are proud to contribute to this transformative journey, working closely with industry leaders and policymakers to create solutions that shape a smarter, more connected future." 

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