Semiconductor major NXP India is partnering with the Ministry of Electronics and Information Technology (MeitY), and Fabless Chip Design Incubator (FabCI), IIT Hyderabad for its maiden ‘Semiconductor Startup Incubation and Acceleration Programme’. It aims to support India's vision of making the country a self-reliant nation as it will create a ready platform to support startups who wish to design semiconductor chips in India. Industry estimates suggest the Indian semiconductor market stands at around $300 million. If semiconductor fabs are added to this, the value could go up to $4-5 billion.