Business

Semiconductor industry can bring $4b annually

Pakistan’s industry at nascent stage, has capability for chip design

March 02, 2022

BEIJING:

The semiconductor chain has penetrated into nearly every aspect of modern life and semiconductor has blossomed into a multitrillion-dollar industry.

According to SEMI 2020 report, the global semiconductor market for just chips is currently valued at around $425 billion per year and by some estimates, it is forecast to hit $1 trillion by 2030.

In recent years, a growing number of Asian players have made forays into the lucrative sector.

India, for example, has sharpened its chip design capabilities over the years and in December last year, it announced a $10 billion plan to attract semiconductor giants and develop its semiconductor fabrication competence.

However, Pakistan is still lagging behind in this sector. “Pakistani semiconductor industry is at a very nascent stage. We have some capabilities of [chip] design,” revealed Global Semiconductor Group Chairman Dr Naveed Sherwani in an interview with the China Economic Net (CEN).

“We have a few companies that design their own chips or work in an outsourcing fashion for design centres but overall Pakistan is starting from ground zero.”

According to Sherwani, developing semiconductors is an “existential” matter for Pakistan because the sector is an economic and sovereign lifeline.

THE ARTICLE ORIGINALLY APPEARED ON THE CHINA ECONOMIC NET

Published in The Express Tribune, March 2^nd, 2022.

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COMMENTS (1)

test | 2 years ago | Reply We have a few companies that design their own chips or work in an outsourcing fashion for design centres but overall Pakistan is starting from ground zero. What are the name of those companies I mean we are not in the business and yes it will be start from the scratch. I would just say that take loans and import chips just like cars bikes smartphones chemicals medicine electronics auto parts cosmetics defence and fast food with everything branded for your Elites. Just import everything the world has gone so much ahead it is like you know how to describe it catching them seems impossible We are good with roti kapra makan roads metros and sehat cards. Although Dams are good. But semiconductor for that we don t have money and no investor would dire to invest because first you have to show them your potential like malaysia which has state backed semi conductor joint ventures but we have debt to repay loans for energy imports roads metros and even dams. So in short import everything just like you do that way you will become Superpower by importing thing.

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