India and Taiwan are apparently taking their relationship up a notch with an envisioned chip plant worth an estimated US$7.5 billion.
"India’s semiconductor demand is said to be valued at around US$24 billion and is expected to reach US$100 billion by 2025. The country’s semiconductor demand currently is entirely met through imports."
How come India don't try the China's approach by spending money to build up its own fab?
"Bloomberg noted that India is currently studying possible locations with adequate land, water, and manpower resources. India reportedly said it would provide financial support by fronting half of the capital expenditure needed from 2023, along with tax breaks and other incentives."
This look like a good deal for Taiwan. half of capex up front, tax breaks and other incentives including India govrt scouting out land for Taiwanese to build fab. The article didn't say what Taiwanese foundry will go to India. It gotta be TSMC, right?