Taisys, headquartered in Taiwan is strategizing a $100 million investment in its Indian Subsidiary to spearhead crucial chip design initiatives aimed at advancing the automotive industry. Taisys India is a leading technology company pioneering connectivity and mobility solutions in India.
As the world’s fourth-largest, India’s automotive industry is poised to play a crucial role in the nation’s GDP. Projected to grow from 7.3% in 2023 to an impressive 10% by 2035, the industry is expected to reach a remarkable $600 billion during the same period, as per the statement.
The automotive sector is undergoing a technological transformation across various facets such as product development, sales, servicing, charging infrastructure, financing, and more. This shift is driven by diverse players, including software, IC design, cloud analytics, AI and telecom, contributing to the evolution of electric vehicles (EVs) and internal combustion engine (ICE) vehicles.
Abhishek Saxena, the Managing Director of Taisys India, highlights Taisys’ commitment to serving over 150 OEMs and ODMs in the Indian automotive sector. Taisys operates as a pivotal link between Taiwan and India, capitalizing on Taiwan’s technological dominance (accounting for over 60% of global semiconductors) and India’s demographic and regulatory strengths. This strategic role positions Taisys at the forefront of the automotive intelligence sector, introducing the innovative ‘Design Your Own OneChip Concept.’ Chairman Jason Ho, with decades of experience in semiconductors and enterprise solutions, is poised to make a significant impact on the Indian automobile industry, according to the statement.
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