Bargaining chip: India's semiconductor plant story is still loading

Getting a silicon fab plant off the ground might take longer

It’s been forwards and backwards with India’s semiconductor sweepstakes. Just last month, there was a breakthrough. Micron Technology, one of the top-five chip makers globally, agreed to set up an assembly testing, marking and packaging plant (ATMP) in Gujarat with an investment of $850 million. News also came in that South Korean giant SK Hynix said it might join the bandwagon.

But in July, things slipped back when the government’s aggressive move to kick off India’s first fab plant suffered a jolt as Taiwanese EMS (electronic manufacturing services) giant Foxconn abruptly walked out of its JV with Vedanta to set