MUMBAI India's ambitious plan to be a major player in semiconductors, taking on the Chinese and churning out locally-made chips for a new generation of smartphone users, has proved to be a little too ambitious. The government boldly announced three years ago it would host two new $5 billion chip plants as part of a project to become a global manufacturing powerhouse, creating thousands of jobs, reducing its need for imports and taking on global rivals such as Taiwan Semiconductor Manufacturing and GlobalFoundries
The post India dials back chip ambitions as investors spurn plant funding
| Reuters appeared first on Firstpost.