Can India Become the World’s Next Chip Manufacturing Hub? (.PDF Download)

As governments and organizations around the globe come up with new ways to address the ongoing semiconductor shortage, India is throwing its hat into the ring. The country’s minister of state for electronics and IT recently announced plans to establish a semiconductor ecosystem there. 

“Demand for digital devices and electronics products is only going up. If you have seen our electronics vision document, we have announced a target of $300 billion in electronic manufacturing, with $120 billion in exports,” Rajeev Chandrasekhar announced, News On Dot  reports. “Our consumption, based on [a] $300 billion electronics production target by 2026, will be almost $70-80 billion [worth] of semiconductors.”