Taisys to invest $100m in India for chip design advancements in automotive sector
In a strategic move that underscores the burgeoning synergy between technology and automotive sectors, Taisys, headquartered in Taiwan, is making a landmark $100 million investment in its Indian subsidiary. This investment aims to propel forward crucial chip design initiatives, specifically targeting the advancement of the automotive industry in India, a leading technology company renowned for its pioneering connectivity and mobility solutions.
India’s automotive industry, as the world’s fourth-largest, is on the brink of a monumental transformation. Expected to grow its GDP contribution from 7.3% in 2023 to an impressive 10% by 2035, the sector is projected to reach a staggering $600 billion in value. This growth is largely fueled by technological advancements across various domains including product development, sales, servicing, and the emergence of new infrastructure for electric vehicles (EVs) and internal combustion engine (ICE) vehicles.
Abhishek Saxena, the Managing Director of Taisys India, articulates the company’s commitment to revolutionizing the Indian automotive landscape. Serving over 150 OEMs and ODMs, Taisys leverages Taiwan’s technological prowess—home to over 60% of the global semiconductor market—and India’s robust demographic and regulatory framework. This strategic positioning is poised to catapult Taisys as a leader in automotive intelligence, introducing the cutting-edge ‘Design Your Own OneChip Concept.’
Revolutionizing India’s Automotive Industry: Taisys’s Strategic $100M Chip Design Initiative
The “OneChip” initiative, a semiconductor design platform, is set to redefine the conventional semiconductor supply chain in response to the burgeoning demands of India’s automotive industry. Addressing challenges in distributed E/E architecture and the integration of multiple hardware and software technologies, OneChip avails of Taiwan’s IC design supply chain resources, offering an extensive IP portfolio, design services, foundry wafer allocation, and advanced packaging solutions among other specialized services.
This innovative program aspires to bridge the gap between India’s burgeoning talent pool and Taiwan’s established IC infrastructure, fostering the development of localized solutions with unparalleled agility and security. OneChip’s proposition of a reduced investment and Bill of Materials (BoM) costs, alongside a leaner supply chain, is a game-changer. It promises flexibility, innovation, and customization for OEMs in developing Advanced Driver Assistance Systems (ADAS), digital cockpits, and comprehensive Vehicle Operating Systems.
Leveraging advanced System-on-Chip (SoC) and ASIC design services, Taisys’s bespoke chip development approach is anticipated to significantly enhance efficiency, reliability, and functionality in automated driving systems. With a commitment to supplying with advanced foundry capacity from Taiwan, Taisys is at the forefront of streamlining the integration process for automotive manufacturers, thus aligning with India’s vision of becoming a global hub for vehicle design, development, and production.
India’s semiconductor sector, projected to reach a market value of $55 billion by 2026, stands at a critical juncture. Taisys’s strategic investment and the introduction of the OneChip platform herald a new era of innovation and growth for the Indian automotive industry, marking a pivotal step towards achieving global recognition and appeal in vehicle technology and manufacturing.
Taisys’s $100 million investment in its Indian subsidiary is a testament to the potential of chip design technology to revolutionize the automotive industry. By bridging the technological might of Taiwan with the dynamic market of India, Taisys is not just investing in chip design; it’s investing in the future of automotive innovation. The OneChip platform, with its promise of reduced costs, enhanced efficiency, and customized solutions, is set to play a pivotal role in positioning India as a global leader in the automotive sector, driving the nation towards achieving its ambitious growth and technological advancement goals.