How can India deal with the global chip crisis?

WorklifeIndia

The global semiconductor industry is at a crunch point. Millions of products, including cars, smartphones, and network routers, rely on chips, also known as semiconductors. But the Covid pandemic and the ongoing conflict between Russia and Ukraine – both major suppliers of raw materials needed to make semiconductors – have hugely affected this industry.

The shortage of chips has resulted in huge disruptions for several industries. India, which imports most of its semiconductors, is also feeling the brunt. According to industry experts, consumer products using chips are likely to get more expensive, while cars relying on modern chips will have longer waiting queues.

So what can be done to deal with this? Should manufacturers curtail production? Or can the government’s new schemes to make semiconductors locally really help? In this edition of WorklifeIndia, we discuss how can India deal with this global chip crisis.

Presenter: Devina Gupta Contributors: Parag Naik, CEO, co-founder, Saankhya Labs; Shruti Saboo, associate director, India Ratings and Research; Ganesh Ramamoorthy, managing VP, emerging technologies and trends, Gartner