India advances in semiconductor sector with new chip designs and venture capital interest

India is advancing in the semiconductor sector, with 25 applications approved for chip design. Thirteen have shown success, and three are attracting venture capital. This marks a shift towards higher-value work in chip design and manufacturing. The government aims to leverage digital public infrastructure for sectors like healthcare and agriculture, building on the success of the Unified Payments Interface. The focus is on creating a $1 trillion digital economy through IT services and electronics manufacturing. India's semiconductor manufacturing is set to grow, with facilities like Micron expected to start shipping memory chips in early 2025. The country is seen as a key player in the global semiconductor landscape, driven by talent and innovation.