India’s plan to incentivise semiconductor manufacturing comes at a time when automakers and tech companies around the world are grappling with a global chip shortage. Photo: Reuters
India’s plan to incentivise semiconductor manufacturing comes at a time when automakers and tech companies around the world are grappling with a global chip shortage. Photo: Reuters
India

India approves US$10 billion incentive plan to attract global chip makers

  • India will extend fiscal support to eligible display and semiconductor fabricators, with Tower, Foxconn and Vedanta reportedly showing interest
  • This comes as some companies look to diversify their manufacturing bases beyond China due to the trade war between Washington and Beijing

Topic |   India
India’s plan to incentivise semiconductor manufacturing comes at a time when automakers and tech companies around the world are grappling with a global chip shortage. Photo: Reuters
India’s plan to incentivise semiconductor manufacturing comes at a time when automakers and tech companies around the world are grappling with a global chip shortage. Photo: Reuters
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