Patna, June 19 -- India has a significant opportunity to address the global semiconductor industry's talent shortage of one million professionals and is prepared to establish world-class design facilities to tap into the rapidly expanding sector, Union Minister Ashwini Vaishnaw said on Friday.

Addressing the event at Software Technology Parks of India (STPI), the Minister said that the country is ready to establish the world's best design facilities for the semiconductor industry and is ready to bridge the talent gap.

He noted that the global semiconductor industry, currently valued at around USD 800 billion, is projected to become a USD 1 trillion industry within the next year and generate one million new jobs worldwide by 2032.

"The ...