Colab Platforms Ventures into India's Booming Semiconductor Market
Colab Platforms is launching a subsidiary, Colab Semiconductor Pvt Ltd, to tap into India's burgeoning semiconductor and OSAT industries. This move is part of its strategy to diversify within high-growth technologies like AI, blockchain, fintech, and drone tech, aiming to reinforce India's tech sovereignty.
- Country:
- India
Colab Platforms announced on Friday the creation of Colab Semiconductor Pvt Ltd, marking its entry into India's swiftly expanding semiconductor and OSAT industry. This strategic expansion aims to bolster Colab's existing ventures in cutting-edge fields including artificial intelligence, blockchain, and fintech.
According to an exchange filing, India is poised to experience unprecedented growth in its semiconductor market, potentially skyrocketing from USD 52 billion in 2024-25 to USD 108 billion by 2030, reflecting a stellar 15% CAGR. The growth presents Colab with a prime investment opportunity.
Managing Director Puneet Singh emphasized the alignment of this move with Colab's mission to engage in high-growth technology sectors, strengthening India's technological independence and driving significant enterprise value as the semiconductor landscape transforms.
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