Buissnessworld India is running a very good story on semiconductor industry in India. Some key points are :

1) Indian semiconductor industry has grown from $1 billion to $3billion in last four years.
2) There is a ecosystem in place now which consists of chip vendors, OEMs, EDA companies, design services, fab, chip testing, fab equipment companies etc.
3) Cadence and TI working together to define and develop low-power design methodologies.
4) Some good example of the ecosystem. TI's DaVinci chip used by Ittiam
5) Lots of new start-ups in Bangalore as part of the ecosystem.
6) Most interestingly, the presence of two companies Tessolve and Applied Materials, who are in Bangalore in anticipation of chip manufacturing activities. Tessolve is into chip testing and Applied Material is into manufacturing fab equipment!
7) Static RAM group in Cypress's Bangalore group.

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