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India charts strategy to enter global chip market, eyes homegrown tech

India, meanwhile, has revived a decade-old attempt to woo chip makers, starting with a $10 billion incentive package for the sector.

Synopsis

From a crippling shortage during the Covid-19 pandemic, the supply of semiconductors has eased a little, but analysts predict the sector’s growth to slow through 2022. India is, however, assiduously wooing chip makers to set up shop.

As the United States looks to rediscover its mojo in advanced semiconductor manufacturing through a series of policy actions, India is charting out its own roadmap to manufacture chips and join a coveted Asian league with homegrown technology and manufacturing capabilities. US President Joe Biden signed into law earlier this month the CHIPS and Science Act of 2022, which is expected to push ‘leading-edge’ (nodes containing 5-7 nanometer (nm)

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