India needs hundreds of chip companies to build a global ecosystem, says L&T Semiconductor CEO

India will require hundreds of domestic semiconductor companies to build a globally competitive chip industry, according to Sandeep Kumar, CEO of L&T Semiconductor Technologies. Speaking at Semicon 2026 India, Kumar said the breadth of the global semiconductor market makes it impossible for any single company to address all product categories. “There are more than 20,000 semiconductor products.