“The lab is aimed at incubating 20 early phase fabless startups in 3 years and 50 in the next five years for chip designing and create jobs in the electronics system design and production (ESDM) industry,” explained IESA president Rajesh Ram Mishra.
Unveiling the laboratory, Karnataka Minister for Large & Medium Industries K.J. George said the state government had spent Rs. 21.5 crore in the centre and could devote an extra Rs. 56 crore in expanding over the next five years.
“Our vision is to make Karnataka the hub round which the next breed of Indian fabless startups can flourish and accentuate another fabless companies into the next realm of growth. Along with IESA, we’ll propel the ESDM sector and support innovative domestic companies,” said George in the lab inaugural event.
The IESA estimates generation of roughly 800 jobs for engineers as a result of preparing the lab.
Fabless manufacturing is the design and sale of all hardware devices and semiconductor processors while outsourcing the manufacture of the devices to a specialised maker called a semiconductor foundry.
The laboratory is expected to empower domestic chips for local market and permit fabless startups to design chips for products like energy meters, LED lighting, smart cards, rural broadband and Web of Things (IoT) solutions.
“Our intent is to incubate 3-4 businesses from the new centre by March 2019. The lab fills a vital gap in our ESDM ecosystem which will prepare us as a nation to capitalise on the tendencies unleashed by electronics,” Mishra added.
An IESA report launch at its Vision Summit in February stated that the Indian semiconductor component market is estimated to determine huge market growth of $32.35 billion (approximately Rs. 2.25 lakh crores) from 2025.