As QUAD countries viz U.S., Japan, India, and Australia are meeting for a QUAD Summit this week at Washington DC, a possible agenda could be to work toward creating a safe supply chain for semiconductors.
While a Quad member country U.S. is already leading the entire Semiconductor market with over 47% of consolidated global market share controlled by US based semiconductor firms, which is growing just over a CAGR of 6% but an emerging A.I. Chip market is growing with fastest CAGR over 50% among chip segments.
While during this week QUAD Summit members countries are scheduled to discuss entire supply chain security of semiconductor among QUAD countries ecosystem, but as per ‘5Jewels Research’ Analyst, India has potentials to lead $140Billion A.I. (Artificial Intelligence) Chip Economy of QUAD Countries.
Commenting on upcoming QUAD Summit agenda of securing Semi Conductor Supply Chain, Chief Analyst of 5Jewels Research Mr. Sumant Parimal said “While U.S. and Japan are two member countries in QUAD who have significant roles in exiting semiconductor supply chain, however catering mostly to generic segments like Memory, Logic, Analog, Sensor, DSP, at the same time A.I. Chip segment emerging fast, and seen highest CAGR over 50%, which requires strategic leadership by dominant country like India to keep building high end A.I. Chip design to manufacturing to testing to supply chain capabilities for not only securing $140B A.I. Chip market of QUAD countries but also securing over $400B QUAD A.I. Market, which in turn shall secure Trillion Dollars of potential GDP addition in QUAD countries economy which are supposed to be delivered through high value adding A.I. deployments”.
“100 smart cities aspirations of India along with One Trillion Digital economy goals and increasing smart phone penetration among Indian population, all requires a secured generic semiconductor supply chain with focused development to manufacturing of emerging A.I. Chip segment in India, which shall be deployed in smart cities to smart houses to smart vehicles to smart classrooms to smart infrastructures to smart robots to smart factories and workplaces across India and other QUAD countries. India is full with know-how, talent, resources and market demand to take a leadership position in strategic A.I. Chip segment supply chain ” Mr Sumant Parimal added further.