Today Kurt Sievers, President and CEO of NXP Semiconductors, metHonourable Prime Minister Shri Narendra Modi to discuss India’s dynamic semiconductor ecosystemand NXP’s commitment to being an important player in it. Topics included in the discussion spannedpolicyframework,emergingtechnologies,deepeningIndia’svaluecreation,andIndia’smanufacturingcapabilities and ambitions. Mr. Sievers briefed the Honourable Prime Minister on NXP’s growth storyinIndia,whichincludescentres of excellenceinnovatingsemiconductor solutionsfor theauto,industrial, IoT, and edge markets. Mr. Sievers also pledged NXP’s support to help develop India’sdiversedomesticSTEMworkforce andsupport thecountry’sflourishingstartupecosystem.
Commenting on his meeting with Prime Minister Modi, Mr. Sievers said: “It was a privilege to meetwithPrimeMinisterModitodiscussIndia’srapidlygrowingsemiconductordevelopmentandmanufacturingecosystem.WebothagreedthatIndia’selectronicsmanufacturinganddesignindustryhasthepotentialtobecomeamuchlargerplayerintheglobalelectronicsvaluechain.NXPhasenjoyeda50-plusyearhistoryofoperationsinIndia,andourcentresofexcellenceherearedesigningsemiconductor solutions in-demand across the global auto, industrial, IoT, and secure edge markets.Our talented Indian team has generated hundreds of patents and is a powerhouse of NXP’s globalnetwork of innovation teams. We are committed to further drive India’s value creation for the globalelectronicsindustry.”
Regarding India’s electronic manufacturing ecosystem, Mr. Sievers added: “We are well aware ofIndia’sambitiontobeamajorplayerintheglobalelectronicssupplychain,withaplanofgrowingthedomesticelectronicsmanufacturingtoUS$300billionby2026.PrimeMinisterModiandtheIndiangovernment’scommitmenttobeingoneoftheworld’slargestelectronicsmanufacturinghubsunderscores India’s recognition of the strategic importance and growth potential of the electronicsindustry.”
NXPisaworldleaderinautomotive,security,connectivitysolutionswithitsstate-of-the-arttechnologies like radar, ultra-wide Band (UWB), 5G, NFC, and DRM, is playing an important role instrengthening the local manufacturing ecosystem.Multiple key applications in India like 5G/6G,secure authentication of goods, e-metering for electricity boards, e-passports, transport ticketingcards,andmore, areactivelyusingNXPtechnologies.
NXP is committed to the progress and success of the Indian semiconductor and electronics industry.The company has collaborated with MeitY, Invest India, Startup India, India Electronics, the IndianElectronicsandSemiconductorAssociation(IESA)andstategovernmentsonavarietyofinitiativesandprojects. As part of its mission toward enabling a better, safer, secure, and more sustainable world,NXP proactively engages withstartupstodevelopinnovative andlong-lastingsolutions.