While the digitisation of everything—accelerated by Covid-19—has resulted in an unprecedented demand for semiconductors, it has also led to stressed supply chains across industries. Global dependence on a few countries for the supply of substrates, components and other essential materials has also made apparent that complete offshoring of manufacturing makes supply chains more fragile, especially in a geopolitically tense environment.
As several industries, from automobiles to electronic devices, depend on semiconductors for their end products, this abrupt chip shortage has constrained their capacities and prompted a scramble to find quick solutions. Governments are taking serious note and want to take measures that reduce these disruptions. But the semiconductor industry is a long-term game with high barriers to entry and real solutions will take time and strategic thinking to implement.
The ecosystem around semiconductors and devices is diverse. While we have phones and personal computers on the consumer side of things, opportunities also lie in the industrial Internet of things (IIoT), edge innovation and human-centric A.I.—all connected to computers. The Indian government’s Production-Linked Incentive (PLI) Scheme that encompasses electronic and technology products along with sectors like battery manufacturing, automobiles and auto components, and telecom and networking products is a step in the right direction.
The IT manufacturing journey from research to market depends entirely on driving an industry-led focus with strategic alignment across government initiatives that will help boost innovation, productivity, and competitiveness. A digitized self-reliant supply chain and ability to predict any disruptions in production are essential to maintaining quality, time, and cost standards. Investments in infrastructure development and a strong freight assistance mechanism are also essential to this process.
Israel’s world-renowned prowess in R&D is closely linked to its success across advanced manufacturing sectors. From its robust defense industry to the R&D centers established by companies like HP, Applied Materials, Intel, and Teva Pharmaceutical, Israel’s vibrant research and innovation ecosystem has powered advanced manufacturing in the high-tech space. Israel’s world-leading Internet Industry of Things (IIoT) sector serves as a prime example, enabling the next generation of industrial innovation.
Relevant companies, interested to learn more on Israel innovative technology are invited to contact the Trade and Economic Department at the Israeli Consulate General in Bengaluru.
Contact: Ms. Kavitha S
Trade Officer -Trade and Economic Mission, Consulate General of Israel to South India (Bangalore). Tel: +91-80-49406515. firstname.lastname@example.org