Why the “Chips” are down in India?
In this article I look at India’s ailing situation, history of chip manufacturing and how the future holds. A brief summary is as follows:
1. India was always in need of a robust semiconductor policy which now seems to be in place
2. The first chip manufacturing facility was set-up in 1984 but a controversial fire brought it down and with that, the hope for India, at least at that time
3. India did woo a lot of companies like AMD around 2007 but the deals fell flat due to policies, infrastructure and utilities gap
4. Now with a budget outlay of $10 billion for setting up semiconductor facilities in India and the promises of deals coming out of the Semicon India 2023 conference, India seems to have taken the right step in this direction.
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