they say while the government will allow india to strengthen, its presence in the design, assembly, and packaging ends of the chip making value chain, attracting manufacturing investment will need more work. for companies to commit to technology transfers and set up fabrication units, india will need to undertake structural reforms such as improving its business climate and trade linkages. the country has made some headway on these fronts but there is still a long way to go. to the us, where senators are looking to summon developers and experts for hearings later this year on possible legislative safeguards over the issue of artificial intelligence. last week big tech players like microsoft, openai, and google announced the formation of a group to look at how the future of ai applications are developed. earlier i spoke to lan guan of accenture on the sort of guardrails needed. first of all, we have to understand the different risks. for example, data security
package for chip companies, investments finally seem to be coming in. after micron s $2.7 billion commitment to set up a semiconductor assembly and testing plant just a few weeks ago. amd has said last week it will open its largest research and development centre in bengaluru. now prime minister modi has said a 50% assistance to set up chip manufacturing in the country will mean india could see exponential growth in this sphere. foxconn says it is optimistic about the direction in which india is headed on chip making. but industry watchers are more cautious. they say while the government s sops will allow india to strengthen its presence in the design, assembly and packaging ends of the chip making value chain, attracting manufacturing investment will need more work for companies to commit to technology transfers and set up fabrication units. india will need to undertake structural reforms such as improving its business, climate and trade linkages.