India Plans Semiconductor Fab as Tech Shifts From China

India is poised to announce its first semiconductor fab as it looks to build its own chip industry over the next three to four years, the Press Trust of India (PTI) reported, with the country looking to benefit from tech’s shift away from China.

Minister for Electronics and IT Ashwini Vaishnaw told a business summit that India already produces 99% of the mobile phones used in the country and is now aiming for the same dominance in chips, the report went on.

Read the full story: Press Trust of India

By Sean O’Meara

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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.