Bengaluru, Feb. 10 -- Karnataka-based semiconductor equipment manufacturer KASFAB Tools, a venture by the KAS Group, has inaugurated its state-of-the-art facility in Bengaluru Rural, aiming to carve out a significant share in the burgeoning USD 110 billion semiconductor industry.

Despite increasing interest from venture capitalists (VCs), the sector has not received due attention from the government, said Manjunath Jyothinagara, Managing Director of KASFAB Tools, in an interaction with Deccan Herald.

"There is a lack of understanding and absence of government involvement, which has prevented the industry from recognizing this massive opportunity," Jyothinagara noted.

While the government acknowledged the role of micro, small, and mediu...