Good news! India and Taiwan intend to deepen their cooperation on semiconductor manufacturing!
"... In February 2024, Powerchip Semiconductor Manufacturing Corporation (PSMC ...) and the Indian Company Tata Electronics announced plans to invest USD $11 billion to build India’s first 12-inch wafer fab in Dholera, Gujarat. This joint venture between an Indian and Taiwanese company has provided the foundation for India-Taiwan joint manufacturing of chips in India. The new venture is directed towards the manufacture of power management integrated circuits (IC), display driver IC, microcontrollers, and high-performance computing logic components. This project is expected to create more than 20,000 job opportunities.
The Taiwanese company Hon Hai Precision Industry Co. Ltd. (Foxconn ...) also has a considerable presence in India, with plants in Bengaluru, Chennai, and Hyderabad. Foxconn and India’s Hindustan Computers Limited (HCL) Group are planning a joint venture to set up a semiconductor outsourced assembly and testing unit. Foxconn is investing USD $37.2 million in the project, and will hold an equity stake of 40 percent. Foxconn’s decision to hold equity will ensure the supply chain resilience for the needs of India’s domestic industry even after the completion of the project. ..."
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