Bengaluru, India – 20 may 2024 – Ananant Systems, a leading semiconductor and wireless
systems company based in India, today announced its membership with the India Electronics and
Semiconductor Association (IESA), the premier industry body for ESDM (Electronics System
Design and Manufacturing) & Intelligent Electronics in India. This collaboration underscores
Ananant Systems’ commitment to fostering innovation, promoting self-reliance, and contributing
to India’s vision of becoming a global hub for electronics manufacturing and design.

Driving Innovation and Self-Reliance

Ananant Systems addresses the expanding requirements for advanced connectivity, computing,
and security for wireless 5G and 6G infrastructure and devices. Their product offerings include
Intellectual Property (IP), chip design, semiconductor products, software, and systems, all
developed and owned in India

Chitranjan Singh, CEO of Ananant Systems, emphasized, emphasized, “As the world transitions to the 5G
era of connecting everything and everywhere, the need for robust, secure and indigenous wireless
infrastructure becomes crucial. Our vision encompasses building a leading Indian company in this
space, underpinned by an Atmanirbhar philosophy and delivering secure, cost-effective and
sustainable solutions. With a global outlook and alignment with local partners, including our recent
membership with the India Electronics and Semiconductor Association (IESA) we aim to place
India as a leader in the global wireless technology landscape while fostering self-reliance. To
reinforce commitment to Atmanirbharta, we ensure all intellectual property associated with our
products is owned and developed within India.”

Empowering Indian Telecom Innovation: Collaborative Partnerships for Technological Advancement

Realizing the vision of becoming a semiconductor industry leader will be challenging and
necessitate substantial investment in technology and human capital, and continuous support from
both government policies and industry collaborations. Ananant Systems is looking forward to
establishing robust partnerships within India to foster an integrated network that supports various
facets, from wireless IP development to design to silicon manufacturing to end-system design,
integration and manufacturing. Partnership with IESA is the first step in this direction.

Ananant Systems, known for developing six generations of industry-leading LTE/5G handset
modems and possessing deep expertise in 5G, 3GPP, and OpenRAN standards, is playing a
significant role in realizing the ‘Make in India’ vision. The core team’s subject matter expertise
exemplifies the caliber driving India’s semiconductor and wireless technology sector. This
collaboration underscores a shared commitment to fostering innovation and supporting the growth
of India’s tech ecosystem.

Expanding Opportunities in India’s Semiconductor Market

A joint report by Counterpoint Research and IESA forecasts India’s semiconductor market to
reach $64 billion by 2026, driven by both domestic and export markets. Ananant Systems is
poised to capitalize on this growth, with significant demand expected from consumer electronics,
telecom, IT hardware, and industrial sectors. The company’s focus on secure chip development
also enhances India’s cybersecurity infrastructure, with chips that are more resilient to cyber
threats compared to traditional chips.

Neil Shah, Research Vice President, at Counterpoint Research highlighted “India is emerging
as a global hub for semiconductor and electronics manufacturing, driven by initiatives and
investments across the technology ecosystem players catalyzed by Ministry of Electronics &
Information Technology. To succeed, Digital India needs a robust ecosystem of indigenous
semiconductor companies with homegrown design expertise, talent, and Intellectual Property.
Companies like Ananant Systems, which design cutting-edge semiconductor systems locally, are
crucial. Developing high performance solutions at lower costs indigenously for wireless
infrastructure and a range of ICT applications, these companies can tap into multi-billion-dollar
opportunities.

Ananant Systems, with its globally experienced team from leading tech companies and
universities, joining IESA, will further enhance India’s semiconductor and electronics ecosystem
to capture these opportunities.”

About Ananant Systems

Ananant Systems is a semiconductor and wireless systems company headquartered in India.
With a focus on innovation and self-reliance, Ananant Systems aims to provide technology
solutions that enhance connectivity and improve lives. The company is establishing itself as a
world-class semiconductor and wireless systems company in India, addressing the expanding
requirements for advanced connectivity, computing, and security for wireless 5G and 6G
infrastructure and devices. Their product offerings include Intellectual Property (IP), chip design,
semiconductor products, software, and systems developed and owned in India. Ananant Systems
aims to become a leader in the wireless semiconductor and systems market in India and
worldwide.