Indian semiconductor industry to grow at 15 per cent

The Indian semiconductor industry is expected to grow by 12 to 15 per cent in 2011 while the global semiconductor industry would grow 6 to 8 per cent. According to Neeraj Paliwal, VP, MD and global manager for Design Services, Central R&D, NXP India, the trend in the semiconductor industry is now moving towards ‘society focused’ solutions that will benefit not one section of consumers, but the community as a whole. Smart grids and secure transactions are likely to be listed as the top applications in the near future.