The group is a global non-profit organisation
Plans to conduct events to create awareness in the industrySemiconductor boom is on in India TiE helps budding entrepreneurs through guidance
HYDERABAD: The Indus Entrepreneurs (TiE) Semi-Conductor (Special Interest Group) SIG will be launched here on April 16. Minister of State for Defence M. M. Pallam Raju will formally launch the group.
TiE is the premier Silicon Valley organisation and a global non-profit organisation focused on promoting entrepreneurship through mentoring networking and education. TiE helps budding entrepreneurs through advice guidance and assistance from successful and experienced entrepreneurs and professionals.
J. A. Chowdary, President, TiE SIG, will be spearheading its activities in India. There are about 30 companies located here, which are engaged in the semiconductor and embedded technology area.
The objective of TiE SIG is to transform itself into a pan-India SIG to deliver greater value to all participants through participation by members from the semiconductor industry across the country. Initially, TiE SIG will be headquartered here with the core group and the executive committee comprising senior members of the semiconductor industry across different chapters in India.
In a statement here, Mr. Chowdary said, "the establishment of IT companies in the State would open up opportunities for electronics, electrical, computer sciences, engineering technology and communications, paving the way for growth not only in the sector but also investments, technology, education and employment. As there is a need for a focused and integrated national platform to address semiconductor-related issues the establishment of TiE SIG is crucial in achieving this big dream,'' he added.
TiE's strength is its network through 42 cities in nine countries that consists of many participants in the entrepreneurial ecosystem successful and experienced as well as budding entrepreneurs, venture capital firms, angel investors and service providers.
The SIG plans to conduct several events and initiatives to create a well informed and better connected semiconductor industry in India. The plan is to organise at least one event once in every quarter.
The global semiconductor industry is valued $230 billion of which India accounts for about $100 million. The semiconductor boom in India is on and has already attracted FAB players to make investments.
Andhra Pradesh is witnessing hectic activity in this sphere with SemIndia Ltd. and Advanced Micro Devices (AMD) unveiling their plan to set up India's first $3 billion advanced semiconductor fabrication (FAB). Nanotech Silicon India had already commenced its effort to build its FAB project in the State earlier. There are many other leading "Fabless Semiconductor Companies'' such as Cypress Semiconductor, ATI, PortlPlayer and Dell which are likely to announce their expansion projects in India. UNI