Feeds

India gobbling up chips to the tune of £5.8 BILLION

Mobile, LCD TV and PC production fuelling demand

Top three mobile application threats

India’s semiconductor consumption is set to grow 20 per cent this year to reach revenue of over $9bn – the fastest growing market in the world thanks to an explosion in mobile phone, LCD TV and PC production.

The new figures, which come from Gartner’s latest update to its Semiconductor Consumption forecast, reveal a booming economy driven by a growing middle class with a rising disposable income.

The growth of 20 per cent from 2011 to reach $9.2bn (£5.8bn) this year in India way outstrips global semiconductor spending of just four per cent to reach $313bn in 2012.

"Semiconductor consumption in India is being driven from the changing demographics, increasing consumer affluence, economic growth and favourable government policy," said Ganesh Ramamoorthy, research director at Gartner.

“Global electronic equipment manufacturing companies continue to expand their production facilities in India. The recent announcement by Nokia to move its mobile phone production facilities to Asia/Pacific is bound to benefit India as well, where Nokia already has a large production facility catering to the growing domestic and neighbouring markets in the region.”

Three-quarters of semiconductor consumption in India will come from mobile phones, PCs and LCD TVs with production of mobiles expected to jump 21 per cent, PCs seven per cent and LCD TVs a whopping 47 per cent, according to the analyst.

Alongside the likes of China and Brazil, India is making a name for itself as an epic consumer of technology.

IDC has predicted that it will leapfrog the UK into third place this year in the global smartphone market, for example, while Gartner also put it in third on the world stage when it comes to fastest growing enterprise software markets over the next four years.

A compound annual growth rate of 23 per cent in the period 2010-2016 will also propel the country into second according to new research from Boston Consulting Group on the internet economy. ®

3 Big data security analytics techniques

More from The Register

next story
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.