US-based electronic design automation (EDA) company Cadence expects growing demand for chip design in India as Tata Electronics' semiconductor fabrication plant in Dholera nears production. The company anticipates more Indian chip designs moving into manufacturing, boosting the need for commercial design tools, according to livemint.com.
The opportunity arises amid India's expanding chip-design ecosystem and government efforts to promote local semiconductor manufacturing. Tata Electronics' Dholera fab, a key project in this push, is close to starting production, which Cadence believes will accelerate the commercial tape-out of Indian chip designs. This shift is expected to increase the adoption of Cadence's design software and services in the Indian market, livemint.com reported.
India's semiconductor industry has been growing with increased government support and investments aimed at reducing import dependence. The emergence of local fabs like Tata Electronics' Dholera facility marks a significant step in this development. Cadence's anticipation of rising demand aligns with broader trends of expanding chip design activities in India, which could create new growth avenues for EDA companies in the region, according to livemint.com.
Tata Electronics' Dholera semiconductor fabrication plant is scheduled to begin production soon, marking a milestone for India's chip manufacturing ambitions and potentially driving increased demand for chip design tools from companies like Cadence, livemint.com confirmed.