NXP CEO Kurt Sievers commits to supporting semiconductor ecosystem in India
We are well aware of India’s ambition to be a major player in the global electronics supply chain, with a plan of growing the domestic electronics manufacturing to US$ 300 billion by 2026", states Kurt Sievers.
Kurt Sievers, President and CEO of NXP Semiconductors, met Prime Minister Narendra Modi to discuss India’s semiconductor ecosystem, where everything from policy framework, emerging technologies, deepening India’s value creation, and India’s manufacturing capabilities and ambitions were discussed.
Sievers pledged NXP’s support to help develop India’s diverse domestic STEM workforce and support the country’s startup ecosystem.
Commenting on his meeting with Prime Minister Modi, Sievers said: “It was a privilege to meet with Prime Minister Modi to discuss India’s rapidly growing semiconductor development and manufacturing ecosystem. We both agreed that India’s electronics manufacturing and design industry has the potential to become a much larger player in the global electronics value chain."
He further stated that NXP has enjoyed a 50-plus year history of operations in India, and our centres of excellence here are designing semiconductor solutions in-demand across the global auto, industrial, IoT, and secure edge markets and that they are committed to further driving India’s value creation for the global electronics industry.
Regarding India’s electronic manufacturing ecosystem, Sievers added: “We are well aware of India’s ambition to be a major player in the global electronics supply chain, with a plan of growing the domestic electronics manufacturing to US$ 300 billion by 2026. Prime Minister Modi and the Indian government’s commitment to being one of the world’s largest electronics manufacturing hubs underscores India’s recognition of the strategic importance and growth potential of the electronics industry.”
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