It's now or never for India to take lead in semiconductor sector: SEMI CEO

India has almost everything needed to have a successful semiconductor industry but it still needs to work to reestablish credibility, the head of the world's top advocacy group representing the semiconductor industry has said.

From near-zero levels just a year and a half ago, India is now well on its way to having 100 semiconductor design startups by 2024. The Rs 76,000-crore incentive scheme for chip-making, the large talent pool and the skilling programme is playing to the country's strength and mark India's rise as a semiconductor nation.

It's now or never (for India in the semiconductor industry), Ajit Manocha, president and CEO of Semiconductor Equipment and Materials International or SEMI told PTI in an interview.

Because it takes years to come to the speed and this is a time to do it. Also if we don't do it now, I think we'll lose credibility forever, he said, adding that there might be a couple of announcements before the US visit of the prime minister which would put the ..