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www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
Top 50 Semiconductor Companies, 2012 13 are fabless
— Qualcomm #4 — Broadcom #11 — AMD #13 — Nvidia #16
4 are foundries — TSMC #3 — UMC #20 — GlobalFoundries #15
Headquarter locations — 23 US 46% — 10 Japan 20% — 6 Taiwan 12% — 6 Europe 12% — 2 South Korea 4% — 2 China 4% — 1 Singapore 2%
WCR, IESA Vision Summit, February 2014 3
( )
( )
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
6.1% 6.7% 7.1%
9.0%
12.0% 13.0%
14.2% 15.0%
16.7%
18.3% 18.7%
20.0%
24.9% 24.1%
25.0%
28.5% 29.0%
0%
15%
30%
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Fabless IC Sales (% of total IC Revenue)
Fabless Market Gaining in Overall Market
Source: IC Insights, 2014
WCR, IESA Vision Summit, February 2014 4
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
$7.3 $7.3
$9.9
$17.0 $15.1 $16.8
$21.3
$28.7
$34.5
$41.1 $43.8 $43.8
$49.4
$63.5 $66.4
$72.6
$78.1
0
40
80
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Fabless IC Revenue ($ Billions)
Fabless IC Revenue Continues to Grow
Source: IC Insights, 2014
WCR, IESA Vision Summit, February 2014 5
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
1 21 41 61 81
Fa
ble
ss R
eve
nu
e (
$M
illio
ns)
Fabless Company Revenue Rank
Revenue from Top 81 Fabless Semiconductor Companies (Tracked by IC Insights 2013)
Fabless Revenue Is Highly Concentrated
Fabless Revenue Distribution
Top 1 Company 19%
Top 5 Companies 48%
Top 10 Companies 64%
Top 25 Companies 81%
Top 50 Companies 91%
Top 75 Companies 96%
Source: Gartner, Top Fabless Revenue From Shipments of Total Semiconductor, 2011
WCR, IESA Vision Summit, February 2014 6
Fabless Revenue Distribution
Top 1 Company 19%
Top 5 Companies 48%
Top 10 Companies 64%
Top 25 Companies 81%
Top 50 Companies 91%
Top 75 Companies 96%
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
Leading Fabless Companies Specialize and
Average ~22 Years since Formation
Fabless Company
Years in Business (Founded)
Headquarters 2012 Rev. ($M)
Technology
Qualcomm 29 (1985) US 13,177 Wireless/CDMA
Broadcom 23 (1991) US 7,793 Wireless/Broadband
AMD 45 (1969) US 5,422 MPU
Nvidia 21 (1993) US 4,229 GPU
MediaTek 17 (1997) Taiwan 3,366 Wireless/Storage
Marvell 19 (1995) US 3,157 MPU/DSP
LSI Corp. 33 (1981) US 2,506 Storage/Networking
Xilinx 30 (1984) US 2,196 FPGA
Altera 31 (1983) US 1,783 FPGA
Avago 9 (2005) Singapore 1,349 Wireless/Wired Infrastructure
HiSilicon 23/10 (1991/2004) China 1,285 Networking/Digital Media
Mstar 12 (2002) Taiwan 1,272 Wireless/Multimedia
Novatek 17 (1997) Taiwan 1,256 Display/Multimedia
CSR 16 (1998) Europe 1,025 GPS/Wireless
Realtek 27 (1987) Taiwan 836 Networking/Peripheral
Dialog 33 (1981) Europe 774 Wireless/Power Mgmt
Himax 13 (2001) Taiwan 738 Display/Multimedia
Spreadtrum 13 (2001) China 725 Wireless
Cirrus Logic 30 (1984) US 714 Broadband/Storage
Source: IC Insights, March 2013 update
WCR, IESA Vision Summit, February 2014 7
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
Global Recessions (IMF)
$2,571 $2,399
$1,607 $1,635 $1,832
$1,675 $1,829
$1,987
$1,510
$777 $983 $941 $981
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
VC
Fu
nd
ing
Ra
ise
d (
$M
illio
n)
Worldwide Fabless Semiconductor Companies
Venture Capital Raised by Year
Average $1,725
Average $920
Average $2,485
Source: Global Semiconductor Alliance (GSA) , IMF & Mentor Graphics Analysis
WCR, IESA Vision Summit, February 2014 8
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
Total Number of “Fabless Companies”
(GSA Estimate)
50
500
750
850
950
1,100
1,250 1,300
1,350 1,400
1,300 1,300
1,200
1,100
1,010 1,011
1996 1998 2000 2002 2004 2006 2008 2010 2012
Source: GSA Portal, Industry Data 1/10/2012, http://www.gsaglobal.org/resources/industrydata/facts.asp
WCR, IESA Vision Summit, February 2014 9
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
The Continuum
Sub-System SoC Supplier Core IP System
Model: IDM Foundry Fabless SIP Design
Services
Design Fabricate
Sell (branded)
Engineers for Hire
Acti
vit
y
IP SoC Wafer
Narrow Fabless Definitions Broad
WCR, IESA Vision Summit, February 2014 10
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
Total Semiconductor Companies - GSA — 1284 Companies — 1011 Fabless — 273 IDMs
IC Insights — 133 Companies
The Fabless Universe
WCR, ISA Vision Summit, 2014 12
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
$1,333
$1,607 $1,699
$1,544 $1,508
$2,137
$2,481 $2,595
$2,723 $2,909
$3,128
$3,377
$3,666
$3,993
$4,360
$4,774
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Semiconductor IP ($ Millions)
SIP Market Size and Forecast
CAGR 8%
CAGR 10%
Source: IBS, IP - 2013
WCR, IESA Vision Summit, February 2014 13
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
0
250
500
750
1,000
1 2 3 4 5 6 7 8 9 10 11 12
Fabless Company Revenue Rank
Revenue from Top 12 Semiconductor IP Companies ($ Millions)
SIP Revenue Distribution
Source: IBS, IP - 2013
WCR, IESA Vision Summit, February 2014 14
IP Revenue Distribution
Top 1 Company 34%
Top 5 Companies 73%
Top 10 Companies 87%
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
0
250
500
750
1,000
1 2 3 4 5 6 7 8 9 10 11
Fabless Company Revenue Rank
Revenue from Top 12 Semiconductor IP Companies ($ Millions)
SIP Revenue Distribution
Source: IBS, IP - 2013
WCR, IESA Vision Summit, February 2014 15
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
Leading SIP Players Specialize and Average
~22 Years in Business (Same as Fabless)
Fabless Company
Years in Business (Founded)
Headquarters 2012 Rev.
($M) Technology
ARM Holdings 23 (1990) UK 881.7 MPU Cores
Synopsys Including Virage Logic
27 (1986) US 403.6 Broad Portfolio of Cores
Rambus 23 (1990) US 234.1 Memory
Tessera 23 (1990) US 207.3 Chip Scale Packaging
Imagination Technologies
28 (1985) UK 182.9 Mobile Graphic/
Digital Radio
WiLAN 21 (1992) Canada 88.0 Wired & Wireless
MIPS Technologies Acquired by Imagination 2013
29 (1984) US 82.2 MPU Cores
Cadence 25 (1988) US 72.0 Broad Portfolio of IP
Ceva 11 (2002) US/Israel 53.7 DSP Cores
Silicon Image 18 (1995) US 48.9 Wired & Wireless
Faraday Technology 20 (1993) Taiwan 22.5 Broad Portfolio of Cores
MoSys 22 (1991) US 6.1 Memory & I/O
Source: IBS, IP - 2013
WCR, IESA Vision Summit, February 2014 16
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
Tape-outs at advanced nodes are growing
Increasing Percent of Tape-outs at Leading Edge
0
4,000
8,000
12,000
16,000
2008 2009 2010 2011 2012 2013F
By Line Width 2009 2010 2011 2012F 2013F
≥38nm but <55nm 578 845 1,130 1,235 1,309
≥27nm but <38nm 19 76 330 455 596
<27nm 7 61 112 204
TOTAL 12,799 12,958 12,727 12,354 12,136
Source: VLSI Research, October 2012
Design Completions by Line Width
Source: VLSI Research, October 2012
WCR, IESA Vision Summit, February 2014 17
<27nm ≥27nm but<38nm
≥38nm but<55nm
≥55nm but<75nm
≥120nm but<160nm
≥160nm but<200nm
≥200nm but<300nm ≥300nm but<500nm
≥500nm
≥75nm but<120nm
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
But Large Opportunities in Older Technologies
0
400
800
1,200
1,600
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
<27nm
32nm
45nm
65nm
130nm
180nm
≥250nm
90nm
43
% o
f P
rod
ucti
on
Wafer Starts KWPW
Source: VLSI Research, December 2012
WCR, IESA Vision Summit, February 2014 18
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
“In the next 10 years, as many as 100 billion objects could be tied together to form a
“central nervous system” for the planet and support highly intelligent web-based systems...”
Internet of Things Will Transform the
Semiconductor Industry
WCR, ISA Vision Summit, 2014 20
Source: IC Insights, “IC Market Drivers 2014.” Chart from Cisco, “The Internet of Things: How the Next Evolution of the Internet is Changing Everything,” Dave Evans 2011
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
Internet of Things Will Transform the
Semiconductor Industry
WCR, IESA Vision Summit, February 2014 21
Source: Cisco, April 2011
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
Company Count
Product Revenue >20%
within specific SIA category
Gross Margin
Average
Gross Margin
Median
Foundry 3 41% 20%
Discrete 7 34% 32%
Memory 6 18% 16%
ASSP 28 48% 50%
Analog 11 51% 54%
Micro Component 8 57% 47%
FPGA 3 66% 65%
Total Database 56 48% 50%
Semiconductor Gross Margin by Category 2012
Average (Weighted Average)
22
Source: Semiconductor Companies (Largest semiconductor companies with published financial metrics available for required reporting periods)
WCR, IESA Vision Summit, February 2014 22
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
Product Differentiation
— Process AND design differentiation
— Moderate volume application niches
— Higher design effort per square mm of silicon
— More “art” than digital design
— Lack of multi-sourcing of functions
Infrastructure
— Application support
Product Differentiation Alone Makes Switching
Analog/Mixed-Signal Suppliers Difficult
23 WCR, IESA Vision Summit, February 2014 23
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
Change in Strategy toward Differentiation
Gradually Raises GPM%
0%
20%
40%
60%
80%
100%
1980 1985 1990 1995 2000 2005 2010
Gro
ss M
arg
in %
“National Semiconductor
is an analog company…” 2004 Annual Report
National acquires Microprocessor Manufacturer Cyrix
August 1997
National is acquired by Texas Instruments
Linear Technology
Maxim
Analog Devices
National Semiconductor
Source: Company financial reports
WCR, IESA Vision Summit, February 2014 24
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
INDIA’S EVOLVING IMPORTANCE TO THE
FUTURE OF THE FABLESS
SEMICONDUCTOR INDUSTRY
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
India Is in the Top 5 Semiconductor Design
Locations Worldwide
Source: India Semiconductor Association “Study on semiconductor design, embedded software and services industry” April 2011
WCR, IESA Vision Summit, February 2014 26
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
India’s Fabless Company Sample
- GSA and IESA Members
Source: GSA Directory and IESA membership, 2014
WCR, IESA Vision Summit, February 2014 28
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
India Is Already a Leading Source of SIP
US, 43.0%
India, 5.3%
UK, 5.3%
Germany, 4.7%
Israel, 4.7%
Canda, 4.3%
France, 4.1%
Taiwan, 4.1%
China, 3.9%
Japan, 3.1%
Others, 17.3%
SIP Company Headquarters Distribution by Country
486 SIP Suppliers
Note: Not corrected for those companies that have a bulk of their resources in India with small headquarter operations in other regions Source: Design & Reuse Portal Silicon IP Vendors, 2014
WCR, IESA Vision Summit, February 2014 31
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
Evolving from Design Services to
Fabless Powerhouse
1985 initially offered contract R&D services
1988 company launched it’s first product
1991 Qualcomm went public and revolutionized the wireless communications industry
First CDMA Demonstration
WCR, IESA Vision Summit, February 2014 32
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
IDM Model Design Chip
Manufacture (Internal)
Fabless Model
SIP Model
Design Services
Design Chip
Design Block
Design Services
India Has Built a Foundation
for a Fabless Future
3-5 Logos ~30 Logos 40+ Logos
WCR, IESA Vision Summit, February 2014 33
Foundry (External)
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
FOUNDATION FOR FUTURE
SEMICONDUCTOR GROWTH
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
World’s Economic Center of Gravity
Has Moved East
Source: “Urban World: Cities and the rise of the consuming class,” McKinsey & Company, June 2012
WCR, IESA Vision Summit, February 2014 35
AD 1 to 2025
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
Worldwide leadership with the most influential design teams in the world
India Has a Strong Foundation
WCR, IESA Vision Summit, February 2014 36
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1,031 Multinational Corporation
R&D Centers in India
Source: Attrition, Hiring and Salary Increase Study, Zinnov, November 2013 http://www.slideshare.net/zinnov/cb-final-deck-media-nov14
WCR, IESA Vision Summit, February 2014 37
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
Most Attractive Outsourcing Countries
Source: SourcingLine https://www.sourcingline.com/top-outsourcing-countries
WCR, IESA Vision Summit, February 2014 38
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
WCR, IESA Vision Summit, February 2014 39
18 of the top 20 U.S. semiconductor companies have design centers in India
20 European corporations set up engineering R&D centers in India within the last year
Engineering and R&D Activity in India
Source: “Fab opportunity,” The Hindu, November 1, 2013 “European MNCs Keen To Open Their R&D Centers In India,” EFYTimes, May 3, 2013 NASSCOM
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
Worldwide leadership with the most influential design teams in the world
Richest pool of creative engineering resources and educational institutions in the world
India Has a Strong Foundation
WCR, IESA Vision Summit, February 2014 40
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
2013 Joint Entrance Examination (JEE) statistics
JEE Main exam: ~1.25 million candidates
JEE Advanced: only 150,000 eligible
Qualified: 21,110 students
Called for Interview: 14,336
Available Seats: 9,885 at 17 IITs
IIT Top Ten: included two women for first time
Electronic Designers in India
Are Talented and Competitive
Source: http://education.oneindia.in/news/2013/06/24/iit-jee-advanced-2013-result-analysis-005513.html Pictures from Livemint, April 28, 2013; “Maths “tough” at IIT-JEE”, The Hindu, April 12, 2010; “IIT-JEE 2012 Results Declared,” IBNLive, May 18, 2012
WCR, IESA Vision Summit, February 2014 42
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
Experience Level Increasing, But Still a Young and
Creative Workforce
32% 35% 34% 24%
47% 40% 42%
50%
17% 20% 18% 22%
4% 4% 6% 4%
2009 2010 2011 2012
Average R&D Employee Experience
14+ yrs
8-14 yrs
4-8 yrs
0-4 yrs
Source: Attrition, Hiring and Salary Increase Study, Zinnov, November 2013 http://www.slideshare.net/zinnov/cb-final-deck-media-nov14
WCR, IESA Vision Summit, February 2014 43
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
Worldwide leadership with the most influential design teams in the world
Richest pool of creative engineering resources and educational institutions in the world
Growing pool of angel investors — In India — Also in the West with strong connections to India
India Has a Strong Foundation
WCR, IESA Vision Summit, February 2014 44
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
Top 5 Destination for Foreign Investment
“India has experienced rapid economic gains for a decade
and has a young, large and fast-growing population.
In 2012, the country saw
$25.5 Billion in FDI inflows
with investors still anticipating
enormous potential.”
— A.T Kearney
Source: ATKearney Foreign Direct Investment Confidence Index, 2013
WCR, IESA Vision Summit, February 2014 45
Redraw? 1.77
1.77
1.81
1.83
1.83
1.85
1.86
1.97
2.02
2.09
Singapore
Mexico
UK
Germany
Australia
India
Canada
Brazil
China
United States
2013 FDI Confidence Index® Top 25
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
0
110
220
$0
$500
$1,000
$1,500
$2,000
2006 2007 2008 2009 2010 2011 2012
Ro
un
ds o
f Fu
nd
ing
Am
ou
nt
Ra
ise
d (
US $
Mill
ion)
Amount Raised (US$ M) Number of Rounds
Key India VC Statistics
Source: Dow Jones VentureSource, 2013
WCR, IESA Vision Summit, February 2014 46
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
Key Ingredients to Generate a
Thriving Infrastructure
Involvement and expertise with end equipment
Only when Indian engineers are exposed to the full system, top down, can they see where the opportunities to innovate lie along the entire design chain.
EE Times Asia 1/12/2009 http://www.eetasia.com/ART_8800559411_480200_NT_2c623a76.HTM
WCR, IESA Vision Summit, February 2014 48
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
Product Marketing
Customer Marketing & Purchasing
“Wants list”
Management Sales
Superb Product Definition Requires
Elimination of Functional Barriers
Product Development Customer
Innovative Product Architecture
True understanding of needs vs. wants
Key developers
Innovative Product Architecture
Corporate “bag of tricks”
Key developers
WCR, IESA Vision Summit, February 2014 49
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
Foreign “Flagged” Indian Companies
Produced Early Successes – Some Examples
Companies Focus Highlights
Beceem Communications
HQ — Santa Clara, CA • Design Center: Bangalore, India • Founded: 2003 • Employees: 193+
Mobile Broadband
• $43.7 million revenue in 2009 • 22 US patents & 59 pending and 11 provisional patent applications • Acquired by Broadcom for $316 million in 2010
Redpine Signals
HQ — San Jose, CA • Design Center: Hyderabad, India • Founded: 2001 • Employees: 50+
Wireless Networking
• 100+ patents, patent filings & disclosures on OFDM/MIMO • 2012 Top 100 Global Award Winner • 2013 Best Application of Energy Harvesting award at the IDTechEx
Energy Harvesting & Storage Conference
HelloSoft
HQ — Sunnyvale, CA • Design Center: Hyderabad, India • Founded: 1997 • Employees: 50+
RISC-only VOIP
• Acquired by Imagination Technologies for $47 million • 30+ patents related to IP-based communication • Named one of Top 100 Technology Companies …Silicon India in
2007 • Selected as a Technology Pioneer …World Economic Forum in 2007
WCR, IESA Vision Summit, February 2014 50
Source: RealInnovation.com “Outsourcing: Product Innovation from India: by Zinnov http://www.realinnovation.com/content/c070219a.asp
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
Evolution of the Beceem Model
Bridge the gap between the system architects and the designers in India
Do it virtually
Move operations to India
system architect
designers
WCR, IESA Vision Summit, February 2014 51
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
Conceived and developed in India
Virtual stimulus
Test bench acceleration
Embedded SW co-development and verification
2x performance; 2x capacity
1/4 power per gate
1/3 footprint per gate
When Users and Tool Developers
Work in Close Proximity…
system architect
designers
WCR, IESA Vision Summit, February 2014 52
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Virtual Peripherals
Test Bench Acceleration
“Out-of-the-Box” Architectural Innovations
Revolutionize Design Verification
Simulation Acceleration
Assertions
Functional Coverage
Low Power
Physical Peripherals
Fast, Accurate Design Compile
Accelerated SW Execution
Total Hardware Debug Visibility
Comprehensive Software Debug
WCR, IESA Vision Summit, February 2014 53
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
Lasting Differentiation Requires Infrastructure
Contract Design
SIP
Chips
Systems
Extend to more areas!! • Contract development • SIP • Full chips • Electronic systems
WCR, IESA Vision Summit, February 2014 54
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
Summary
While the number of new fabless startups has declined substantially in the West during the past decade, they are growing in India
India has key capabilities to stimulate growth of semiconductor companies — Design services companies — Design engineering expertise and innovation — Returning entrepreneurs — Educational system
Direct interaction with equipment/systems companies will complete the product development process
WCR, IESA Vision Summit, February 2014 55
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
…[entrepreneurial business] in India has been held down for years..[due to] big problems with transport, infrastructure, government intervention at national and local level, swarming chaos and confusion in the streets, blatant poverty.
BBC News Business 6/26/2011
Time has come to demonstrate our leadership position by building our own capabilities in IC design, IC fabrication and design & manufacturing of electronics products”
Ajay Kumar 2/21/2011 Joint Secretary,
Dept. of Information Technology
India's portion of a $250 billion semiconductor market is marginal. It has only two fabless startups, its innovation record as measured by the number of patents granted is dismal, it suffers from a dearth of Ph.Ds and high attrition rates, what talent it does have is undisciplined and it let China dominate completely in systems manufacturing.
EE Times Asia 1/12/2009
I recall a discussion in mid-2005 where an industry expert mentioned that fabless was the way forward for the Indian industry! Between then and now, fabs were supposed to come up, but they failed. Nevertheless, one must not give up hope!
Pradeep Chakraborty’s Blog, April 7, 2011
Semiconductor Frustrations Abound
Original Slide
WCR, IESA Vision Summit, February 2014 66
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
Semiconductor Frustrations Abound
Consumption of electronics in India is all set to cross $400 billion by 2020… threatening to cause a major balance of payments crisis by outpacing oil import bill. the country needs to build an ecosystem to avert such crisis.
The Hindu Business Line & J.A. Chowdary, The Indus Entrepreneurs TiE, 2012
India, where the demand for chips goes in billions both in revenue and shipment, needs companies [like Cosmic Circuits] to balance its trade deficit in electronics hardware. Its time for VLSI design service companies in India to get into own product development.
EE Herald, 2011
Approximately 95% of the software and hardware companies in India... base their businesses around outsourcing, while the remaining 5% are Indian-American owned high technology product development startups that are similar to those of Silicon Valley.
Go4 Funding “The Changing Landscape of Indian
Entrepreneurship and Angel Investments”
The proposed national policy… aims to address the huge gap between locally produced electronics and the domestic demand for electronics in India.
Jaswinder Ahuja, Cadence Design Systems India
Original Slide
WCR, IESA Vision Summit, February 2014 67
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
Key Ingredients to Generate a Thriving Fabless
Infrastructure
1. Involvement and expertise with end equipment
2. Foster a culture that tolerates failure and minimizes bureaucratic barriers
3. Don’t apologize for being dependent upon multinational companies
Source: RealInnovation.com “Outsourcing: Product Innovation from India: by Zinnov http://www.realinnovation.com/content/c070219a.asp
Original Slide
WCR, IESA Vision Summit, February 2014 68
www.mentor.com © 2014 Mentor Graphics Corp. Company Confidential
1. Involvement and expertise with end equipment
2. Foster a culture that tolerates failure and minimizes bureaucratic barriers
3. Don’t apologize for being dependent upon multinational companies
4. Grow entrepreneurial connections between India and companies in the U.S., Europe and Asia
Key Ingredients to Generate a
Thriving Fabless Infrastructure
Original Slide
WCR, IESA Vision Summit, February 2014 69