New Delhi, April 26 -- The India Cellular and Electronics Association (ICEA), a leading industry body, has issued an urgent call for large Indian corporations to prioritise investments in semiconductor design, treating chip design and manufacturing as a strategic sector.

This move aims to foster homegrown innovation and reduce the nation's dependence on foreign technologies.

In a comprehensive report outlining a bold vision to propel India to the forefront of semiconductor product design and intellectual property creation, ICEA has advocated for a strategic, multi-pronged approach to bolster the country's semiconductor ecosystem.

Notably, ICEA has proposed the establishment of an exclusive market exchange dedicated to the electronics ...