Crisis-hit global chip companies vie for an Indian summer via partnership
ET had earlier reported that Japan's Sharp and American semiconductor giant Onsemi are among the companies that are actively scouting for partners in India. Queries sent to Onsemi and Sharp regarding their plans remained unanswered as of press time Wednesday. These companies, many of which are facing stiff competition from Chinese manufacturers, are looking at the opportunity from multiple angles, a person tracking the development said.'Chinese companies are taking over spaces that Korean and Japanese firms dominated," he said. For them, India offers a growing market. The potential of the Indian market that people have been looking at for two-three decades is now increasingly becoming a reality, he said. "Many of them are interested, many of them feel they can brave this market now and the room in other markets is also not growing as quickly,' he said. 'The Chinese market is difficult to break into because there are already enough suppliers and producers there. Indian corporates and entrepreneurs are also fairly flush with money, so they are also looking for lucrative businesses to invest in. These foreign companies also have fairly decent technology. So, it is a win-win."
The India Semiconductor Mission offers significant fiscal support to companies investing in silicon semiconductor fabs, display fabs, compound semiconductors/silicon photonics/sensors (including MEMS) fabs, semiconductor packaging (ATMP/OSAT) and semiconductor design. This policy has created a favourable ecosystem that is proving to be a lifeline for companies struggling with high operational costs and competitive pressures in other parts of the world. Industry analysts suggest that for these financially strained companies, a partnership with an Indian firm, backed by substantial government subsidies, presents a compelling opportunity.While India's semiconductor journey is still in its early stages, several projects are already underway. The government has approved a number of joint ventures, with both established and new players, signalling a clear intent to fast-track domestic chip production capabilities. These ventures are set to produce a wide range of chips, from those used in everyday electronics to more specialised components for the automotive and industrial sectors.
"India is a lucrative option for players around the globe," said Danish Faruqui, chief executive of greenfield fab/ATP projects advisory consultancy Fab Economics. "These players have been in the semiconductor industry for a while but, due to not having operational excellence, have suffered,' he said. 'What is now becoming viable for them is to combine their technology with Indian capital support which is lucrative for established players in the semiconductor industry, who could be financially strained because of not having operational excellence and not having capital to scale their operational footprint to bring economies of scale."However, it isn't just India that these companies are looking at. Experts said India still needs to address critical gaps in order to ensure that this opportunity is not lost.There are specific success factors that are required other than the capital and the technology licence to reach the stage of high value manufacturing of products, Faruqui said. "Those factors include trained talent, trained skill sets across a variety of functions,' he said. 'India needs to also develop these to enrich its capital so that more and more technology licensing deals happen in favour of India against multiple competing nations as most of the Southeast Asian and Middle Eastern countries too are looking to develop a semiconductor ecosystem." Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Tariffs, tantrums, and tech: How Trump's trade drama is keeping Indian IT on tenterhooks
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Hindustan Times
16 minutes ago
- Hindustan Times
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Write to Chelsey Dulaney at and Joe Wallace at America's Stock-Market Dominance Is an Emergency for Europe America's Stock-Market Dominance Is an Emergency for Europe
NDTV
33 minutes ago
- NDTV
'US Thinks They Can Boss Around': Top Economist Jeffrey Sachs Slams Trump Tariffs On India
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First Post
an hour ago
- First Post
ISL clubs sound alarm to AIFF of facing 'real possibility of shutting down entirely' due to ongoing crisis
A total of 11 Indian Super League clubs, including former champions Mumbai City FC and Bengaluru FC, signed a letter to AIFF president Kalyan Chaubey which urged the national federation to quickly resolve the ongoing impasse over the league's Master Rights Agreement with the Football Sports Development Limited. The 2025-26 season of the Indian Super League, India's top-flight competition since 2019, could be called off entirely if the Kalyan Chaubey-led AIFF is not able to arrive at an agreement with the FSDL over the league's rights agreement soon. PTI The crisis that Indian football currently finds itself mired in threatens to take an even darker turn in the coming days, with eleven Indian Super League (ISL) clubs warning the All India Football Federation (AIFF) that they face 'the real possibility of shutting down entirely'. That is unless the AIFF is able to end its ongoing deadlock with the Football Sports Development Limited (FSDL) over the ISL's Master Rights Agreement (MRA) soon. STORY CONTINUES BELOW THIS AD The clubs wrote a letter to AIFF president Kalyan Chaubey on Friday in which they added that the impasse between the national federation and ISL organisers FSDL over the non-renewal of the MRA has 'paralysed professional football in India'. More from Football 'Over past 11 years, through sustained investment and coordinated effort, clubs have built youth development systems, training infrastructure, community outreach programmes, and professional teams that have elevated India's footballing credibility both domestically and internationally,' read the letter from the 11 clubs. 'This progress is now in imminent danger of collapse. The current standstill has created immediate and severe consequences. With operations suspended and no certainty on league continuity, several clubs face the real possibility of shutting down entirely.' The crisis surfaced after FSDL, the ISL organisers as well as AIFF's commercial partner, put the 2025-26 season 'on hold' on July 11 due to uncertainty over the renewal of the MRA, prompting at least three clubs to either pause first-team operations or suspend player and staff salaries. 'The 2025-26 ISL season is at risk of not taking place at all. This is not merely an administrative deadlock – it is an existential crisis for Indian football. We write to you in the gravest of circumstances,' the clubs wrote. 'The trust painstakingly built with fans, sponsors, investors, international footballing bodies over the past decade will be irreparably damaged if the league remains in limbo.' STORY CONTINUES BELOW THIS AD Mohun Bagan, East Bengal decide against signing letter to AIFF The letter was signed by Bengaluru FC, Hyderabad FC, Odisha FC, Chennaiyin FC, Jamshedpur FC, FC Goa, Kerala Blasters FC, Punjab FC, NorthEast United FC, Mumbai City FC and Mohammedan Sporting. Kolkata heavyweights Mohun Bagan Super Giant and East Bengal did not the sign the letter. Detailing the risk of club closures and livelihood loss, the letter said, 'More than 2000 direct livelihoods – players, coaches, medical staff, analysts, kit managers, groundsmen, administrative staff – hang in the balance, alongside countless indirect livelihoods dependent on the league. 'Clubs face a season where revenue from tickets, merchandise and other avenues will be reduced to zero. Potential sponsors have already started backing out, looking at the scenario that the ISL is in. 'This is a huge financial blow that clubs will not recover from this year and it will affect payout of salaries to players and staff in the immediate future, besides making several stakeholders contemplate a complete and permanent shut-down of their respective clubs.' The clubs said the impasse will also impact India's readiness for international matches, saying 'without a functioning league, our national team will be severely disadvantaged in upcoming AFC and FIFA tournaments'. Why Indian clubs could face ban in continental events They also said that without the ISL, they will not be able to play a minimum number of competitive matches for participation in continental competitions, thereby risking suspension of Indian clubs from AFC tournaments. 'The Asian Football Confederation (AFC) mandates a minimum number of competitive matches for participation in continental competitions. Without ISL, this requirement cannot be met, putting India at risk of suspension from all AFC and FIFA tournaments,' the clubs said. STORY CONTINUES BELOW THIS AD 'FIFPRO, the global players' union, has already apprised FIFA of the situation, increasing the likelihood of external scrutiny and possible sanctions.' Also Read | On Thursday, the AIFF had agreed to mention the raging issue concerning the ISL on Monday. The apex court has reserved its judgement in the case relating to the draft constitution of the AIFF. The decision to apprise the SC of the crisis situation was taken after a . In fact, a reliable source said that the AIFF is willing to file a written application if the Supreme Court asks for one. 'We fully appreciate that related matters are before the Hon'ble Supreme Court. However, from the record of recent hearings, it appears that the immediacy and scale of the crisis have not been clearly conveyed to the Hon'ble Court,' the clubs said. STORY CONTINUES BELOW THIS AD 'The human cost, the threat of clubs folding, the risk of losing our place in AFC/FIFA competitions, and the reputational harm to India's footballing image demand urgent action on our part. 'We therefore respectfully request the AIFF, as the regulator of Indian football, to urgently mention this matter before the Hon'ble Supreme Court on Monday, 18 August 2025, and to append this letter to present the unified concerns of all ISL clubs before the Hon'ble Court.' The clubs said they are ready to support the AIFF in the case through their counsels though they are not parties to the proceedings before the SC. 'Immediate collective action is the only way to preserve Indian football's future, safeguard livelihoods, and protect the country's standing in the global football community. We remain committed to working alongside the AIFF to achieve a resolution.' With PTI inputs
