Texas For Technology Innovation In India
Texas Instruments, the global leader in digital signal processing (DSP) and analog chip technologies, has announced that it is committed to technology innovation in India and sees immense potential in the country s booming communications and entertainment market.
Richard K Templeton, President and CEO of Texas said that India is becoming one of the fastest growing markets for semiconductors in the next few years and that there is huge opportunity in the country.
“India is all set to be a leading player in the new era of communications and entertainment. The $28 billion electronic market in India is growing at 30%, and will reach $360 billion in ten years. This huge consumer population and its intellectual capacity will help drive the industry soon,” said Templeton.
The $13.4 billion semiconductor major has a very clear focus for the Indian market. The company feels that the domestic semiconductor industry is witnessing a renewed vigour with electronic product companies setting up manufacturing bases and expanding their capacity to meet the rising domestic demand.
Templeton said that mobile handsets using single-chip cell-phone solution from Texas are expected to be available in India from the second half of this year. Nokia and Motorola would introduce this in the market. The solution will bring down power and space consumption by 50% and reduce handset costs by 30%.
About commitment towards Indian market, Templeton said, “With its wealth of development expertise and a huge, growing market, India is well-positioned to be a leading player in communication and entertainment. It’s an exciting time to be working in India, and we are committed to building strong relationships with our customers here and helping them to be successful.”
“Innovative ideas from India are shaping the direction of technology today. With increased electronic product design and manufacturing activities in India, we see significant market opportunities in the communication and entertainment space,” summed up Templeton.
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