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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: 3, Insightful) by Runaway1956 on Thursday December 30 2021, @01:58AM
Kinda funny, that. India has diversity down at least as well as the US. Yeah, they have some people who could blend in convincingly in Beijing, but they also have people who could blend into any Euro location. All they might need is a costume change. They've got some of everything. https://www.yourarticlelibrary.com/population/population-of-major-racial-groups-in-india/19834 [yourarticlelibrary.com]
Hail to the Nibbler in Chief.