Reuters reported that big companies including a Foxconn joint venture that bid for India’s $10 billion semiconductor incentives are struggling due to the lack of a technology partner, a major setback for Prime Minister Narendra Modi’s chipmaking ambitions.
Technology
Modi’s chipmaking plan flounders as firms struggle to find tech partners
01 June 2023, 8:01 pm 1 minute
Market Impact
Modi has made chipmaking a top priority for India’s economic strategy as he wants to “usher in a new era in electronics manufacturing” by luring global companies.
Article Tags
Topics of Interest: Technology
Type: Reuters Best
Sectors: Technology
Regions: Asia
Countries: India
Win Types: Overall Coverage
Media Types: Text
Customer Impact: Significant National Story
