Since 2021, India has started to take initiatives to attract various semiconductor giants, especially Intel, to its country. Now the Indian government has reportedly stepped up its efforts and is currently actively negotiating with Intel, GlobalFoundries and TSMC.
Let’s point out that the main person behind this is Rajeev Chandrasekhar, a government and former Intel engineer in charge of technology and entrepreneurship. Chandrasekhar says they hold meetings, talks and give presentations with CEOs.
Foxconn, on the other hand, is considering establishing a kind of foundry in India in partnership with the local Vedanta Group. That being said, a variety of Indian state-owned lines are said to be very keen on both new industry and new investment.
Intel CEO Pat Gelsinger had a meeting with India’s Chief Narendra Modi while visiting Asian countries earlier this month. However, the results of this meeting are unknown. India also plans to establish close ties with Taiwanese Foxconn, Wistron and Pegatron, which produce contracted Apple devices as well as smartphones produced locally by Samsung, Nokia and Xiaomi.