Modi govt woos Intel, TSMC to set up semiconductor plants in India
Live MintIndia 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. India Gets $20.5 Billion in Investment Proposals for Chip Production In India, a venture between billionaire Anil Agarwal’s Vedanta Group and Foxconn Technology Group has shown interest in setting up semiconductor foundries within the country, however Intel and TSMC have yet to offer any commitments. Biden Needs More Than $52 Billion to Counter China in Chips India’s semiconductor manufacturing plans come at a time when leading economies are increasingly putting resources into securing their domestic chip production. Intel Chief Executive Officer Pat Gelsinger met with India’s prime minister earlier this month and a delegation led by U.S. Semiconductor Industry Association CEO John Neuffer also visited the country.