I am in Taiwan right now. Taiwan has 14% of world semi-conductor market. Semi-conductor industry demonstrates a multiple maginifier effect in downstream sector. From a worldwide base semiconductor market of $213bn (€171bn) in 2004, the industry enables the generation of some $1200bn in electronic systems business and $5000bn in services, representing close to 10% of world GDP. People have argued about absence of semi-conductor industry in India. India can live with it, if it can create applications/services out of base semi-conductors. This way, semi-conductor industry will accentuate in countries like Taiwan growing the competitiveness of these countries, and India can draw significant revenues out of the applications/services. Every one wins.