India`s High-stakes Bid to Become a Global Semiconductor Hub: Will it Succeed?
| Case Code: ECON104 Case Length: 13 Pages Period: 1960-2024 Pub Date: 2024 Teaching Note: Available |
Price: Rs.400 Organization : Industry : Technology & Communications Countries : India Themes: Government & Economy, Business Environment,Government Policies,Technology Strategy |
Abstract Case Intro 1 Case Intro 2 Excerpts
Introduction
On February 29, 2024, the Union Cabinet of India approved a US$15.2 billion investment plan for India to become self-sufficient in semiconductor production that included building of three production units for semiconductors. The plan aimed to reduce India’s reliance on imported chips, which was used in a variety of industries including defense, auto, and telecommunications. “India will, in next five years, join the high-stake global stage of semiconductor manufacturing as it combines unparalleled design capabilities with USD 10 billion of incentives to draw manufacturers to set up new fabs and units that will cut dominance of Taiwan, South Korea and China”, stated IT and Telecom Minister Ashwini Vaishnaw (Vaishnaw)..
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