Last week, the government announced the names of four players who had shown interest in the first round of participation in the ambitious incentive scheme to set up fab and display fabrication plants in the country. But a closer inspection of the applications suggests that the excitement at this second attempt to make India a semiconductor hub may need to be tempered.
For one, the leading global semiconductor giants — TSMC, Samsung, Intel, GlobalFoundries, Micron or Infineon — were conspicuous by their absence. The Ministry of Electronics and Information Technology (MeitY) said talks to rope in some global bigwigs are on,

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