| | SEPTEMBER 202319China is anticipated to become a major role in the chip manufacturing industry in the meantime. According to the Semiconductor Industry Association, the nation expects to add nearly 40 percent of the world's new capacity by 2030 and will have 24 percent of the world's overall capacity by that time. There are worries that China's perspective leadership position could endanger the national security and economic growth of other nations, particularly the United States.How is India Using the China and US Chip War for its Advantage?India, the fifth-largest economy in the world, has recently paid more attention to its semiconductor industry and announced a number of strategies and partnerships to strengthen its domestic chip business. Despite the absence of domestic semiconductor companies, Prime Minister Narendra Modi's administration has made luring global behemoths a key component of its plan. Experts say that this has intensified the nation's economic competition with China, which has been engaged in an ongoing trade war with the US.India has been attempting to form strategic partnerships related to semiconductors, along with other nations like the US, and moving towards bringing chip production to the nation. For reference, India lacks chip-producing fabs or semiconductor manufacturing facilities. As a result, the government launched a $10 billion government incentive program that can pay up to 50 percent of project expenses in an effort to entice global chipmakers.Chip Ventures Entered India so FarThe $ 19.5 billion chip-making complex is being built in the western state of Gujarat by a partnership between Indian mining corporation Vedanta and Foxconn, the Taiwanese business that assembles Apple's iPhones. The joint venture submitted an application for incentives from the Indian government to build a semiconductor fab in Dholera, Gujarat, which is a factory that creates integrated circuits from unprocessed silicon wafers.Apparently, the Tata Group has announced plans to start making semiconductor chips in India very soon. Natarajan Chandrasekaran, the chairman of Tata Sons, reportedly stated in December of last year that the company is in discussions with other companies and intends to develop a semiconductor assembly testing business. The aforementioned factories would essentially be some of the first semiconductor production facilities in India.The nations' governments are under the project of increasing cooperation in high-tech areas like semiconductors, advanced weapons, and supercomputing. It was the first conversation between President Biden and Prime Minister Narendra Modi of India about important and developing technology. The Biden administration's goals are crystal clear: to fortify ties with Asian partners and counter China's hegemony in cutting-edge industries. In order to increase competitiveness with China, the US is also exploring working with India on some manufacturing employment, according to reports. ANIL AGARWAL, THE CHAIRMAN OF VEDANTA, DISCLOSED THAT THE GOAL IS TO PRODUCE 40,000 WAFERS EACH MONTH IN ABOUT TWO AND A HALF YEARS. SEPARATELY, A GROUP OF INVESTORS KNOWN AS ISMC DIGITAL INTENDS TO ERECT A $3 BILLION FABRICATION FACILITY IN THE SOUTHERN STATE OF KARNATAKA. THE PROJECT'S TECHNOLOGICAL PARTNER WOULD BE THE ISRAELI BUSINESS TOWER SEMICONDUCTOR
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