How China Could Swamp India’s Chip Ambitions

News Snapshot:

When India’s largest conglomerate, Tata Group, broke ground on a $11 billion semiconductor factory this week, Prime Minister Narendra Modi said the country was poised to become a world leader in the sector. He might be in for a rude awakening. Tata isn’t going it alone, which raises the probability of success. It will partner with Taiwan’s Powerchip Semiconductor Manufacturing to make older-generation, mature-node chips, which have features measuring 28 nanometers or wider. The problem is that China, whose ambitions in cutting-edge chips have been stymied by U.S. and European export controls, is pouring capital into legacy chip making on...