IESA Technovation Awards 2014 – SEND YOUR NOMINATIONS NOW
Over the years the Technovation awards have set quality standards for
the electronics and semiconductor ecosystem. The Awards will honor
India’s best individual contributors and organizations that drive the
industry forward; and provide them with a platform to showcase their
achievements and product successes. Nominations open till November 7,
2014. Nomination Forms available on IESA Technovation Website. Click
on the link for details
Indian Internet of Things market to be worth $15 billion by 2020:
Source: The Times of
India; October 18, 2014
The Department of Electronics and Information Technology (DeitY) on
Friday laid out a draft policy on Internet-of things in India,
envisioning the IoT industry to be worth $15 billion by 2020. "We had
a meeting on July 31 in Delhi where we called different stakeholders —
academia, industry — and we had a discussion on what is the approach
for IoT. We decided why should India lag behind and came up with this
document after the workshop," a DeitY official told ET.
The draft says the government will fund creation of resource centers
and test-beds as a common experimental facility. "We believe it is a
great start," said MN Vidyashankar, president of industry body India
Electronics & Semiconductor Association.
Samsung to make big investments, LG bullish on biz climate
Indianretailer.com; October 18, 2014
Korean technology major Samsung has committed to big investments in
India in a meeting with Telecom Minister Ravi Shankar Prasad, while LG
expressed great faith in the "changed investment climate", says a
report in PTI.
While attributing the success of Samsung to Indian engineers, Samsung
IT and Mobile Communications President and CEO Jong Kyun Shin in the
meeting with Prasad "expressed great hope in the India's 4G mobile
market and expressed his desire to make big investments in India",
Telecom Ministry said in a statement.
Gartner Says Worldwide
Semiconductor Capital Spending To Increase By More Than 11 Per Cent In
October 18, 2014
Worldwide semiconductor capital spending is projected to total $64.5
billion in 2014, an increase of 11.4 percent from 2013 spending of
$57.8 billion, according to Gartner, Inc. Capital equipment spending
will increase 17.1 percent in 2014, driven by strong memory average
selling prices and increased demand for consumer products.
For 2014, Gartner's forecast for semiconductor equipment has been
increased slightly from the previous forecast. Longer term, Gartner
expects modest growth through the semiconductor cycle, with just a
modest pause in the equipment market expected in 2016.
Wearable device market
to trigger huge growth in semiconductor and sensor
Source: Electronics Engineering Herald; October 19, 2014
The Key difference between a wearable electronics and smart phones is,
wearable device is in extreme proximity to the user. Devices such as
smart watch is always feeling the skin of the user and also physical
With such a physical closeness to the user of the devices, wearable
device is a better option for health and activity monitoring rather
than smart phone. So more number of sensors can go into wearable
compared to smart phone. With this trend of wearable device preference
for health and activity monitoring, IHS estimates the shipments of
sensors used in wearable electronic devices to grow by 7x times from
67 million in 2013 to 466 million in 2019.
body expects Rs.10,000 crore investment in 2 years
October 20, 2014
The India Electronics and Semiconductor Association (IESA) is
expecting to garner Rs.10,000 crore investment in the electronic
system design and manufacturing (ESDM) sector in the next two years,
IESA chairman Ashok Chandak said here Monday.
“We are expecting Rs.10,000 crore investment in the ESDM space in the
next two years and hopefully a majority of it will come from global
entities and alliances,” Chandak told IANS.
The association has set up International Investment Promotion Cell, to
support the government's “Make in India” campaign, for encouraging
international investments and commitments in the ESDM landscape in the
IBM to pay
Globalfoundries to take chip unit
Source: Zee News; October
IBM Corp said it would hive off its loss-making semiconductor unit to
contract-chipmaker Globalfoundries Inc to focus on cloud computing,
mobile and big data analytics.
IBM will pay Globalfoundries $1.5 billion in cash over the next three
years to take the chip operations off its hands, the companies said in
a statement on Monday.
IBM will take a related pre-tax charge of $4.7 billion in its third
Samsung eyes India's
4G mobile market
Source: Digit; October 20,
India's 4G market is currently seeing a slow and sporadic growth. But,
the segment is set to soon get a huge push from the likes of Samsung
and LG, which have shown interest in making big investments in the
India's IT Minister Dr. Ravi Shankar Prasad is paying a visit to South
Korea to seek more investments in the electronics manufacturing. The
minister also held a meeting with Samsung IT and mobile communications
president and CEO Jong Kyun Shin as part of the ongoing Make in India
initiatives to SPEED UP “Make in India” agenda-varindia | Make in
Source: VAR India; October
India Electronics and Semiconductor Association (IESA) has made a
series of announcements with an objective to speed up “Make in India”
agenda by promoting design-led manufacturing in the Indian ESDM
landscape. The association has already signed MoU with Taipei Computer
Association (TCA) of Taiwan, India Business Support Center (IBSC) of
Japan to be signed soon and initiated talks with Singapore, USA and
Israel counterparts. The Indian Industry and DeitY delegation,
coordinated by IESA, to Japan is expected to happen during the last
week of October and IESA led visit to Taiwan is scheduled in December.
Make in India
Initiative to Support ESDM Industry in India, IESA Claims
October 21, 2014
Central government's newly launched Make in India initiative will
benefit the electronic system design and manufacturing (ESDM) industry
in India as the campaign is expected to pull investment proposals
around Rs 100,000 million in the next couple of years, claims India
Electronics and Semiconductor Association (IESA).
The industry body is looking forward to launch initiatives to help the
government support design-led manufacturing in the ESDM sector in
The association proposed to set up an international investment
promotion cell to attract more investments from abroad and build
partnerships with trade entities in japan, Taiwan, the U.S., Singapore
and other countries.
Gujarat govt to set up
'Electronic Mission' to boost product manufacturing
Source: Business Standard;
October 21, 2014
In a bid to give fillip to indigenous manufacturing of electronics
products and attract investment in the sector, Gujarat government has
proposed to set up ‘Gujarat Electronics Mission’ under the new draft
Electronics Policy (2014-19) for the state. The mission will identify
and facilitate formation of Electronics Manufacturing Clusters (EMCs)
and set up offices in different countries to attract investments to
Gujarat from those countries in Electronics System Design and
Manufacturing (ESDM) sector.
"Internet of Things...
The Opportunity for India"
October 22, 2014
To date mostly our personal computing devices like PCs, smart phones
and tablets are connected to the Internet. With Internet of Things (IOT),
it would be an explosion of 30 to 50 billion THINGS connected to the
Internet by 2020. The current count of such devices as per Cisco's
'Internet of Everything' Connections Counter is 11.8 billion.
What does THINGS connected to the Internet mean? How would that help
and what functions would they perform? The vision is of billions and
trillions of sensors connected to humans, cars, machines, buildings,
power grids, appliances and even animals, sensing critical information
ranging from something as simple as temperature, to the vital signs of
equipment, to the status of the environment and feeding the
information via some network to a central location.
Time to buckle up to realise the 'Make in India' dream
Source: gulfnews.com; October 22, 2014
There was an unintended irony in the launch of the ‘Make in India’
campaign — the plan to transform Asia’s third biggest economy into a
global manufacturing hub, unveiled by India’s Prime Minister Narendra
Modi with much fanfare in New Delhi. This gaffe was hard to miss for
those present at the event. The USB flash drives containing the
electronic versions of the brochures were made in China.
India imports 65 per cent of the current demand for electronic
products, most of it from China. If the situation is left unchanged,
the country’s electronics import bill may well surpass its oil import
expenses by 2020.
Top-level exits hinder growth plans of several startups
Source: Economic Times; October 23, 2014
A talent flux at the top may hinder aggressive growth plans at many
cash-rich startups as many new ventures are grappling with exits of
CXO-level talent. At least a dozen startups, including Myntra,
Commonfloor, Housing.com, Zomato, Yebhi and Olacabs, have lost senior
leaders around a year — or even less — after their joining.
Reasons for the exits range from executives launching their own
ventures, joining other startups, going back to a regular corporate
job, taking abreak or even a clash in.
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