According to the president, India Electronics and Semiconductor Association (IESA), consumers are likely to see elevated memory prices over the next 12-18 months as there are no major capacity additions currently planned. He said that establishing a memory manufacturing plant takes considerable time before becoming operational.
He noted that prices of electronic devices, particularly smartphones, have increased by 20-30 per cent over the past six months. According to him, the entire memory production capacity of Micron’s India facility has already been booked due to strong demand.
He also said that the ongoing conflict in West Asia is affecting the broader economy and has had some impact on the electronics sector as well.
The official added that India Semiconductor Mission (ISM) 2.0 is expected to provide relief and strengthen the country’s semiconductor ecosystem, helping reduce dependence on imports. On industry expectations from ISM 2.0, he said the incentive outlay should exceed that of the previous phase, which had an allocation of $10 billion.
