India Woos Intel and TSMC to Set Up Local Semiconductor Plants
A TSMC semiconductor wafer.
Photographer: I-Hwa Cheng/BloombergThis article is for subscribers only.
India is in talks with global chipmakers Intel Corp., GlobalFoundries Inc. and Taiwan Semiconductor Manufacturing Co. about setting up local operations, part of efforts to center more high-tech manufacturing in the country.
Prime Minister Narendra Modi’s government late last year unveiled a $10 billion incentives plan, offering to cover as much as half of a project’s cost, to lure display and semiconductor fabricators to set up base in India. The country has set itself the ambitious goal of emulating neighboring China and becoming the electronics factory of the world.