Renesas CEO Hidetoshi Shibata reported a tenfold growth in India, projecting that the country will contribute 10% of the company's total revenue in the coming years.

The anticipated 3nm chips are expected to enhance performance, energy efficiency, and miniaturization for next-generation technologies such as mobile devices, AI systems, and 5G infrastructure.

Union Minister for Electronics and Information Technology Ashwini Vaishnaw announced a major milestone for India as the country prepares to design its first 3nm semiconductor chips, showcasing a significant leap in its semiconductor capabilities.

The development of 3nm chips marks a new frontier for India's semiconductor industry, which has previously achieved 7nm and 5nm designs.

He expressed gratitude to Prime Minister Narendra Modi for prioritizing semiconductors under the Aatmanirbhar Bharat vision, which aims for self-reliance in critical technologies.

This announcement coincided with the inauguration of a new design center by Renesas, a Japanese semiconductor company, in Noida, where advanced three-nanometer chips will be designed for the first time in India.

This initiative reflects India's ambition to reduce reliance on foreign chip manufacturers and establish itself as a key player in the global semiconductor market.

Renesas is also committed to supporting over 250 academic institutions and startups in India through initiatives like the Chips to Startup Programme and the Design Linked Incentive Scheme.

To bolster education in semiconductor technology, the Indian government will provide hardware kits and advanced EDA software tools to over 270 academic institutions, enhancing practical learning for students.

Vaishnaw emphasized the increasing demand for semiconductors across various sectors, including smartphones, medical equipment, and automobiles, which is driving the momentum of the semiconductor industry.

During the launch, Vaishnaw outlined India's comprehensive semiconductor strategy, which encompasses design, fabrication, assembly, testing, and supply chains for essential materials.

The establishment of the Semiconductor Design Centre in Uttar Pradesh is seen as a crucial step towards developing a nationwide semiconductor ecosystem that leverages India's skilled workforce.