Shortage due to pent-up demand, having fabs in India will help, says NXP Semiconductors India boss
The situation could normalise over the next three-six months, Sanjay Gupta, Vice President and India Country Manager, NXP Semiconductors, has said. January 28, 2021 / 04:20 PM IST
The shortage of semiconductors across the world is due to pent-up demand, Sanjay Gupta, Vice President and India Country Manager, NXP Semiconductors, one of the largest automotive chip suppliers in the world, has said.
In an interaction with Moneycontrol, Gupta said it was a global phenomenon and that having semiconductor fabs in India would be a great asset to the country, referring to facilities where these chips can be made.
The FAB Challenge
Lack of semiconductor manufacturing is turning out to be the biggest hurdle in India s tryst with self-reliance in electronics. It requires out of the box thinking by government and industry
Illustration by Raj Verma
India s largest automotive component maker Bosch faced an unforeseen situation in early December - shortage of semiconductor components. The reason was surge in demand for consumer electronics globally due to work from home and rise in adoption of 5G in household appliances.
This could not have come at a more inappropriate time. Demand for automobiles was just beginning to rebound after a torrid first half of the year when production was disrupted due to lockdown in April-May. Another disruption can impair the recovery, which is what Bosch warned in a letter to market regulator Sebi. Imports of Bosch Ltd have been impacted with severe shortage of imported micro-processors (semiconductors), leading to reduced ability to deliver to the automotive
Can India spend its way out of its unemployment crisis?
The panel of experts debated in an hour-long session titled, ‘Pandemic, unemployment, inequality: The way forward’
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The covid-19 pandemic has exposed existing faultlines and inequities in the economy, but is the way out spending more on social security programmes or cutting back on the fiscal deficit? Would an urban employment guarantee scheme help job creation and spur short-term demand as well as long-term economic growth? These are the questions our panel of experts debated in an hour-long session titled, ‘Pandemic, unemployment, inequality: The way forward’ as part of Mint’s Road to Recovery series in the run-up to the Union Budget in February 2021.
LinkedIn predicts Future of Work in 2021, says 40 percent Indian professionals expect jobs to increase
As of November 2020, 4 in 5 unemployed professionals feel stressed, and only 1 in 3 Indians expect their incomes to increase, heading into the new year.
Dec 22, 2020 13:10:40 IST
LinkedIn year-end data shows that 2 in 5 (40 percent) Indian professionals expect an increase in the number of new jobs (up from 19 percent in April), and 1 in 2 (53 percent) expect their companies to do better in the next 6 months, going into 2021. LinkedIn data also states that the average number of monthly learning hours on LinkedIn Learning increased 3 times from April to December 2020, compared to pre-Covid months of January and February. 3 in 5 (57 percent) professionals say they will increase their time spent in online learning going forward, as per LinkedIn’s year-end findings.
This is how Indian professionals expect job market to change in 2021 orissapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orissapost.com Daily Mail and Mail on Sunday newspapers.