The semiconductor market in India has grown beyond the industry expectations, according to the India Semiconductor Association (ISA) and Frost & Sullivan.
In its latest report, the trade body said that the market grew by 28.3 per cent in 2010, adding that it projects it to be $9.86 billion by 2012.
Pradip Dutta, chairman of the ISA, observed there is a lot of growth happening in semiconductor space.
He also confirmed that the association is working closely with the department of information technology.
"Local manufacturing of telecom equipment is one of the growth drivers for semiconductor industry," he commented.
Last week, NetLogic Microsystems, a worldwide leader in high performance intelligent semiconductor solutions, revealed financial results for its first quarter.
The firm revealed that first quarter revenue reached $98.7 million, a 1.8 per cent sequential decrease from $100.4 million for the fourth quarter of 2010.
It is also a 14.4 per cent increase from $86.3 million for the first quarter of 2010.
Posted by Simon Jones