Friday, 24 March, 2023

India's semiconductor booster plan gets $20.5b worth proposals

<p>Five companies have submitted bids totaling $20.5b to develop semiconductor and display fabs in India. Companies such as Vedanta in a joint venture with Foxconn, IGSS Ventures&nbsp;pte&nbsp;in Singapore, and ISMC have proposed $13.6b in investments for chip production. These chips are found in a wide range of products, including 5G gadgets and electric vehicles. In addition, two firms, Vedanta and Elest, have filed proposals for the production of display fabs for $6.7b.<br /> &nbsp;</p>