India is making bold moves in the semiconductor industry, aiming to become a major chipmaking hub within the next decade. The goal? To rival established leaders like the US and China by 2031-2032.
The foundation of this ambition is the government’s hefty $10 billion incentive scheme. This initiative is designed to attract investment and cultivate a comprehensive ecosystem, covering manufacturing, assembly, and design.
India’s confidence stems from its vast pool of engineering talent and growing design capabilities. By strategically leveraging these strengths, the nation hopes to achieve parity with current global leaders in the chip market. This push could transform India into a key player in the global tech supply chain.
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Source: Semiconductor Engineering
Link: https://semiengineering.com/india-aims-to-rival-global-chipmaking-leaders-by-2032/