India's Semiconductor Industry: Building Trust and Partnerships with U.S. Giants and Taiwan

Indian Prime Minister Narendra Modi has sought to attract American semiconductor companies to invest in India as the country aims to establish itself as a global chip powerhouse. CEOs of top U.S. semiconductor firms, including Micron and Cadence, spoke at the SemiconIndia event alongside Modi, highlighting their investments in India's chip market. India's chip strategy involves attracting foreign firms to set up operations and forming alliances with key semiconductor nations. The government has introduced supportive policies and incentives for the semiconductor sector. Despite challenges, such as policy consistency and high import tariffs, India's huge domestic market and incentives offer optimism for the country's chip market.