India, April 11 -- The global semiconductor industry is poised to surge from $600 billion to $2 trillion over the next seven years, according to Krishna Bodanapu, Executive Vice Chairman and MD of Cyient.

He highlighted India's strong chip design capabilities, contributing about 20% to the global share, and the growing domestic demand driven by smart grids, EVs, and digital infrastructure, Business Today reported.

Speaking at the launch of Cyient's new fully-owned subsidiary, Cyient Semiconductors, Bodanapu said the spin-off allows the company to manage the unique economic and operational demands of the chip sector separately.

While the firm has no immediate IPO plans, Bodanapu sees a long-term opportunity in India's transformation fro...