SemiconductorsIndia
10Perspectives
India Accelerates Semiconductor Mission: Toward Chip Self-Reliance
India consolidates its semiconductor self-reliance strategy with 10 approved plants totaling $18.3 billion in investments. The HCL-Foxconn joint venture in Uttar Pradesh, inaugurated by Modi, targets 36 million chips per month by 2028. S&P raises India's FY27 growth forecast to 7.1%, driven by the China Plus One strategy attracting global supply chains.
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