Pranay Kotasthane quoted in CNBC on South Korea’s tech plans

Pranay Kotasthane, Deputy Director and Chairperson - High Tech Geopolitics Programme at Takshashila, was quoted in CNBC on Samsung’s investment in South Korea’s tech plans. He was quoted as saying:

“As of now, every country is trying to build its own competitive strengths. There is a flood of tax breaks and capital commitments from governments seeking to onshore semiconductor production,” Pranay Kotasthane, chairperson of the high tech geopolitics program at the Takshashila Institution, told CNBC.

“The impulse for competition is stronger than the impulse for cooperation. Incentives might change if the planned incentives don’t work or when the semiconductor industry sees a downward trend in the investment cycle.”

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