Chips for growth

Creating a base for semiconductors will be challenging

India’s attempt to enter the global semiconductor market with a government commitment of $10 billion is well-timed. But the policy decision must be followed up with a lot of work on the ground. The last three years have seen the value chain for chips drastically disrupted, first by the pandemic, and then by the Ukraine War, which affected the supply of neon, a gas that’s key for the semiconductor manufacturing process. India is not the only country attempting to plug this gap in the supply chain; the US has just implemented the Chips and Science Act, committing $52 billion in