On Semiconductors, India Needs to Reboot Trade Policies, Ecosystem to Build a TSMC

Talks have accelerated between India and Taiwan to build a state-of-the-art semiconductor manufacturing unit in the country. Reports have indicated that officials from both sides have met regularly to discuss the possible outcomes of Taiwan investing in a fabrication facility in India. The Taiwanese government and its major foundries, which hold the lion’s share of the world’s semiconductor manufacturing supply, have reportedly agreed to invest $7.5 billion in India to set up a long-pending fab in the country.