New Delhi, Sept. 4 -- India's semiconductor ambitions will gain real momentum only when the country nurtures strong fabless chip companies that can bring innovation to the market, said Naveen Yanduru, Chief Executive Officer (ECO) of Axiro Semiconductor, a part of a subsidiary of CG Power and Industrial Solutions Ltd. (Murugappa Group).

He noted that while India has made progress with OSATs and foundries, the next step must be building more fabless firms.

Speaking to ANI on the sidelines of Semicon India 2025, Yanduru said, "The next innings has to be about fabless semiconductor companies for India, and that's where I think the big momentum will come for making the semiconductor economy in India a big one."

A fabless semiconductor comp...