The Indian government has unveiled a new semiconductor investment plan aimed at positioning the country as a leading player in the global chip-making industry. This initiative, worth billions of dollars, seeks to enhance domestic semiconductor manufacturing, reduce dependence on imports, and strengthen India's role in global supply chains.
Officials have confirmed that multiple international semiconductor companies, including Intel and TSMC, have shown interest in collaborating with India’s local firms to set up chip fabrication plants. The move aligns with India's "Make in India" initiative, which promotes self-reliance in critical technology sectors.
Experts believe this investment will not only boost India's economy but also create thousands of high-skilled jobs in the technology sector. With the global semiconductor shortage affecting industries like automotive and electronics, India’s push for local manufacturing could be a game-changer in securing supply chain resilience.
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