Insight certainty 4/5 debate potential 3/5

Manickam: India needs thousands of small suppliers, not single capital-draining giants

Raja Manickam · WHAT Will Decide The Next Superpower? | Raja Manickam | iVP Semiconductor · Jun 20, 2025 · at 1:25:42

Raja Manickam discusses the structure of global fab equipment giants and argues how Indian semiconductor policy should focus on distributed small-scale supplier networks.

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“See equipment making is basically, you know, the big companies like apply materials and lamb research and all that, they're big fab equipment. They basically integrate, right? They have thousands of suppliers, thousands, and each supplier will be a small guy. And I think that is what is required in India, right? Not one massive company, you know, sucking up all the capital.”

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