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India plays catch-up in global chip race, offers subsidies to woo firms

Despite a $10 billion incentive package, the country is competing with rich countries offering bigger subsidies, markets and efficient ecosystems to attract investments

Topics
semiconductor industry | Narendra Modi | Intel

Surajeet Das Gupta  |  New Delhi 

semiconductor
Chip manufacturing is a complex business and many experts said the talent and expertise for making chips has to be nurtured

Last week, Prime Minister made a persuasive pitch to global giants to help make India one of the key partners in the global semiconductor chain backed by a new supportive policy. His virtual address inaugurated the three-day Semicon conference organised by the Ministry of Electronics and Information Technology in Bengaluru. The conference included the who’s who of the business — Intel, Micron Technology, GlobalFoundries, TSMC and Cadence.

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First Published: Sat, May 07 2022. 06:01 IST
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