New Delhi, Sept. 17 -- India's push to manufacture chips locally could give electronic design automation (EDA) companies a new source of growth, as more Indian chip designs move towards commercial tape-outs.

One beneficiary could be California-based EDA company Cadence Design Systems, which expects Tata Electronics' planned semiconductor fab in Dholera to boost chip-design activity in India.

"As the rhythm of tape-outs accelerates, the total number of design starts increases. Our business directly tracks design starts. As design starts rise in a geography, our business grows. When the Tata fab comes online in 2028, we expect to see growth driven by that increased activity," Jayashankar Narayanankutty, group director at Cadence Design Sy...