Will India’s Smallest Chip Drive the Biggest Change in the World?
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Synopsis
Prime Minister Modi shared a bold vision at 'Semicon India 2025,' predicting that India's smallest chip will be a catalyst for global change. With faith from the world and a robust ecosystem in development, India is set to lead the semiconductor revolution. Discover how this small chip can yield significant impacts in various sectors.
Key Takeaways
- India's smallest chip is set to revolutionize global technology.
- The country is establishing a complete semiconductor ecosystem.
- India's semiconductor market aims to exceed 1 trillion dollars.
- Strong GDP growth reflects India's economic strength.
- The world trusts India to lead in semiconductor innovation.
New Delhi, Sep 2 (NationPress) Prime Minister Narendra Modi declared on Tuesday that the moment is approaching when India’s smallest chip will instigate a monumental transformation globally.
While inaugurating 'Semicon India 2025' in the capital, the Prime Minister emphasized that India is evolving from merely being a backend player in the semiconductor sector to establishing a comprehensive ecosystem to emerge as a globally competitive and Atmanirbhar nation.
Speaking to a worldwide audience of industry leaders, innovators, and representatives from over 40 nations, PM Modi remarked, “The world has faith in India. The world is confident in India. The world is prepared to collaborate with India on building the future of semiconductors. Within the semiconductor realm, oil is often referred to as black gold, while chips are likened to digital diamonds.”
He pointed out that India’s semiconductor initiative is not solely focused on chip manufacturing but aims to develop an entire ecosystem that will revolutionize the global industry.
Comparing the significance of semiconductors in the 21st century to the impact of oil in the previous century, the Prime Minister stated, “Oil defined the last century, with the fate of nations tied to oil wells. However, in the 21st century, power resides in the diminutive chip. Despite its small size, the chip has the potential to accelerate global advancement rapidly.”
PM Modi further mentioned that the global semiconductor market, currently valued at 600 billion dollars, is anticipated to exceed 1 trillion dollars in the near future, positioning India to play a pivotal role in this growth.
Highlighting India’s robust economic performance, PM Modi noted that the country achieved a 7.8 percent GDP growth in the April–June quarter, surpassing global expectations.
“This growth is evident across all sectors and underscores the resilience of India’s economy,” he emphasized.
Welcoming attendees to the event, PM Modi remarked that the presence of experts from over 40 nations, combined with India’s innovation and youthful energy, sends a clear message: “The world trusts India and is prepared to collaborate on the future of semiconductors.”
Point of View
It's crucial to recognize the transformative potential of India's venture into the semiconductor industry. With the Prime Minister's commitment to building a self-reliant ecosystem, the nation's ambitious plans could redefine its technological landscape and bolster its position on the global stage.
NationPress
02/09/2025
Frequently Asked Questions
What is the significance of India's smallest chip?
India's smallest chip represents a crucial advancement in technology, poised to drive significant changes in various industries worldwide.
How does India's semiconductor ecosystem differ from others?
India's ecosystem focuses on creating a comprehensive infrastructure that not only manufactures chips but also nurtures innovation and collaboration among global leaders.
What is the expected growth of the semiconductor market?
The global semiconductor market, currently valued at 600 billion dollars, is projected to surpass 1 trillion dollars in the coming years.
Why is India focusing on semiconductors now?
India aims to enhance its self-reliance and competitiveness in the global technology landscape by establishing a robust semiconductor industry.
What recent economic performance has India demonstrated?
India recorded a remarkable 7.8 percent GDP growth in the April-June quarter, showcasing its economic resilience and potential.
