NXP semiconductors announces new programme to strengthen startups

In association with the Ministry of Electronics and Information Technology (MeitY) and Fabless Chip Design Incubator (FabCI), IIT Hyderabad, the Dutch semiconductor firm NXP has announced to mentor, find, and facilitate IP and semiconductor design startups throughout the country. To carry out the same, the company has introduced the ‘Semiconductor Startup Incubation and Acceleration Programme’ keeping the Prime Minister of India’s vision of ‘AatmanirbharBharat’ in mind.

Through this initiative, India is poised to become a self-reliant country as it crafts a ready-made podium to support those emerging companies that are aiming to design semiconductor chips in India. For the past couple of years, the government of India has been working relentlessly to boost the entire ESDM sector, which has the potential to fetch electronics manufacturing in the nation.

Ajay Prakash Sawhney, secretary, MeitY, Government of India said, “There is also a need to build a thriving fabless design ecosystem in India. We look forward to this joint initiative of NXP Semiconductors and IIT Hyderabad for this Incubation cum Accelerator Programme that aims to find, facilitate and mentor the semiconductor and IP design startups pan India. It is a significant step as India is poised to increase its share in innovation-driven global manufacturing of mobile phones, IT hardware, automotive, industrial and medical electronics, IoT and other devices.”

NXP semiconductors have various R&D centers across the world, but NXP India is the largest of all and for embedded applications, it is spearheading secure connectivity solutions. The statement of the partnership mentioned that products that are manufactured and designed within the country will fortify the pillar of ‘AatmanirbharBharat’ and in return will help the country to employment, economy, and heighten India’s position in the global electronics manufacturing segment.

Lars Reger, executive vice-president and chief technology officer, NXP Semiconductors, told IANS, “The next decade will be all about creating a “world that anticipates & automates” with a lot of smart connected systems around us. All of that will lead into making the planet a better world to live in and fun to innovate in. These smart connected systems have a core semiconductor technology at the heart of it.”

“In that context, I see Semiconductor Startup Incubation and Acceleration program can bring the core impetus to the strengthening of fabless semiconductor design in India and I am very excited and looking forward to see the outcomes with this program,” added Reger.

Your take?
What do you think of this partnership? Will this programme help boost India’s semiconductor cluster? What would you like to read about? Share your thoughts with us: editorial@the-electronics.com.
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