Most of the world's chips are manufactured in a handful of countries and India, which expects its semiconductor market to be worth USD 63 billion by 2026, is a late entrant
Foxconn: The Indian government has increased the fiscal incentives up to 50% of the project cost to build semiconductor fabs or display fabs of relevant technologies in the country.
The window to re-apply for government incentives under the modified semiconductor scheme opened on June 1. This could be a fresh lifeline for applicants, such as the Vedanta-Foxconn JV.
The planned semiconductor facility in India faces setbacks as chip consortium ISMC's partnership with Israeli chipmaker Tower is stalled due to Intel's ongoing takeover.