The very large-scale integration (VLSI) chip designing segment will generate 75,000 job opportunities in India by 2015, according to JA Chowdary, president, Hyderabad chapter of The Indus Entrepreneurs (TiE).
“About 25,000 people are currently employed in the VLSI designing industry in the country. With rapid growth expected in the coming few years, the segment will employ 75,000 people by 2015,” Chowdary told mediapersons at the three-day 25th International Conference on VLSI Design and the 11th International Conference on Embedded Systems, which kicked off in Hyderabad on Monday.
Dasaradha R Gude, convener of the conference, said: “Embedded systems market, which is one of the key drivers of Indian research and development (R&D) offshoring and is currently pegged at around $25 billion globally, is growing at a compounded annual growth rate (CAGR) of 16 per cent”.
As many as 50 eminent speakers are delivering lectures at the silver jubilee conference with the theme ‘Embedded Solutions for Emerging Markets – Consumer, Energy, Automotive’, in which 450 delegates from around the world are participating.
Long-term trends for the semiconductor industry and electronics are robust, driven by engineering excellence and creativity, according to Jaswinder S Ahuja, corporate vice-president and managing director of Cadence Design Systems in India.
Delivering his keynote at the conference, Ahuja said with ‘killer apps’ driving innovation, mobility will become the norm. “Today, apps drive the industry. This trend is here to stay,” he said, adding that systems companies would now require semiconductor companies to deliver application-driven hardware-software platforms.