NXP CEO Kurt Sievers meets Prime Minister Narendra Modi, Commits to Supporting a Strong Semiconductor Ecosystem in India
Today Kurt Sievers, President and CEO of NXP Semiconductors, met Prime Minister Narendra Modi to discuss India’s dynamic semiconductor ecosystem and NXP’s commitment to being an important player in it. Topics included in the discussion spanned policy framework, emerging technologies, deepening India’s value creation, and India’s manufacturing capabilities and ambitions. Sievers briefed the Honourable Prime Minister on NXP’s growth story in India, which includes centres of excellence innovating semiconductor solutions for the auto, industrial, IoT, and edge markets. Sievers also pledged NXP’s support to help develop India’s diverse domestic STEM workforce and support the country’s flourishing startup ecosystem.
Commenting on his meeting with Prime Minister Modi, Sievers said: “It was a privilege to meet with Prime Minister Modi to discuss India’s rapidly growing semiconductor development and manufacturing ecosystem. We both agreed that India’s electronics manufacturing and design industry has the potential to become a much larger player in the global electronics value chain. NXP has enjoyed a 50-plus year history of operations in India, and our centres of excellence here are designing semiconductor solutions in-demand across the global auto, industrial, IoT, and secure edge markets. Our talented Indian team has generated hundreds of patents and is a powerhouse of NXP’s global network of innovation teams. We are committed to further drive India’s value creation for the global electronics industry.”
Regarding India’s electronic manufacturing ecosystem, Sievers added: “We are well aware of India’s ambition to be a major player in the global electronics supply chain, with a plan of growing the domestic electronics manufacturing to US$ 300 billion by 2026. Prime Minister Modi and the Indian government’s commitment to being one of the world’s largest electronics manufacturing hubs underscores India’s recognition of the strategic importance and growth potential of the electronics industry.”