As the semiconductor industry heads for a consolidation globally, the VLSI (Very Large-Scale Integration) design sector foresees huge opportunities triggered by demands from the cloud, Internet of Things (IoT) and automotive industries.

The who’s who of the industry from across the globe have gathered here to discuss opportunities and challenges that the sector faces.

Walden C Rhines, Chief Executive Officer of Mentor Graphics, said that cyber security has emerged as a serious issue as hackers have begun to target hardware as well, making life very difficult for industry players. “As hackers penetrate deeper, the impact grows exponentially,” he said.

Delivering the keynote address at the 30th International Conference on VLSI Design and 16th International Conference on Embedded Systems here, he said hackers were injecting viruses and malicious logic inside chips, posing serious threats to the semiconductor industry. Counterfeiting, too, has emerged as a major challenge as it is difficult to tell what is original and what is counterfeit.

Sanjay Jha, Chief Executive Officer of Global Foundries, said that mobile computing, IoT, augmented reality, virtual reality and mixed reality would drive growth in the next few years.

He said the potential for India was very huge with IoT and the cloud promising good growth.

VK Saraswat, Member of the NITI Ayog, highlighted the need to build India’s strategic electronics ecosystem for greater self-reliance and emphasised on its global relevance in the fields of defence, aerospace and internal security.

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