The history of the semiconductor industry in India dates back to the 1980s, when multinational giants from the U.S. started outsourcing chip design and software development to India, so that the country’s technical talent pool could be tapped. Initially work in this area was centered on software development directly tied to hardware. It included development of automation tools, modeling and simulation, and embedded software, to name a few products. Over the years, the scope of these projects has expanded with several semiconductor companies in India adopting high-end product development. Since its origin in the country, the industry has been growing at a steady pace. The ISAFrost & Sullivan report estimated the Indian semiconductor market to be worth $4.56 bn in 2007. This figure rose to $5.9 bn by 2008 at a compound annual growth rate of 13.4%, and to $7.59 bn by 2010.