India’s fabless startups may add to foundry investors’ interest, reports DigiTimes
As an emerging economy, India is becoming increasingly well-known for its startups. Even before the Indian government began to doll out incentives to encourage local semiconductor manufacturing, several fabless startups in this sector have showcased their potential. These startups and the ecosystem they create may increase the country’s appeal as a chip manufacturing destination.
According to Semiconductor Fabless Accelerator Lab (SFAL), a government-backed entity that supports fabless startups, there are about 127 companies listed on an official startup tracking site. This is an increase from about 109 in 2020. Some companies may not even make it to these listings but are still working their way up diligently. SFAL believes that the market has a further 20X growth potential.