India’s microchip leap: The tough part lies ahead

News Snapshot:

India’s over-arching ambition to play in the big league has found partial expression with the government’s approval of three semiconductor foundries to be set up by the private sector. This will not only pitchfork the Indian economy’s global rankings, but also help the country acquire strategic autonomy in a key global technology supply chain. The three investment proposals—all in partnership with foreign companies—come on top of US-based Micron’s project that broke ground in 2023; the four units will hopefully help establish a robust semiconductor ecosystem in India, with the combined investment of over ₹1.5 trillion providing the building blocks for...