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India unveils $10.2B plan to attract semiconductor makers:
India on Wednesday announced a $10.2 billion plan to try to attract global chipmakers to set up shop in the country and transform it into a production hub of semiconductors.
The plan unveiled by Information Technology and Telecom Minister Ashwini Vaishnaw comes amid a severe shortage of semiconductors caused by the COVID-19 pandemic, which has led to global shortages of products that need them, including new cars.
India wants to lure countries with economic incentives, including manufacturers with operations in China that might be willing to shift to India because of the ongoing trade disputes between the U.S. and China, Indian officials and business leaders have said.
He told reporters that incentives will attract companies involved in various parts of the semiconductor manufacturing process. India's government will provide fiscal support of up to 50% of project costs to eligible display and semiconductor fabricators, Vaishnaw said.
(Score: 0) by Anonymous Coward on Wednesday December 29 2021, @08:47PM
Per other subject "What a stupid corrupt waste!" Foxcon does appear to be running a sweat shop. Foxcon/Apple are doing phone assembly and I'll guess that most components are shipped in from outside India. On this kind of production line people can be trained to do just one step on the production line. Given the very high import duties that India levies, adding value with final assembly in India (for phones sold in India), makes economic sense.
It's far from a fab where most of the operations are at least partly robotic and the jobs are pretty high tech. A very slight out of tolerance error early in the processing of a wafer (which can take weeks) may not show up until the devices are tested. Or maybe not even until later when the devices fail early.