Vedanta-Foxconn Semiconductor Plant Leads India to Usher in Golden Age for Electronics
New Delhi: It is a known fact that an overwhelming majority of the worlds chip and semiconductor output is limited to some countries like Taiwan, China, South Korea, Singapore, Hong Kong, Thailand and Vietnam. Apart from the obvious reasons of monopoly and overdependence on few nations, it also hampers the interests of the global population at large. Many countries far-off have to pay a heavy price while some are able to deal in excesses of these chips, acting as middlemen in some cases. However, of late, a number of countries have been actively trying to lure companies into manufacturing the same on their soil to usher in a new era of electronics manufacturing and obtain seamless access to chips overall. It was estimated that India had $15 billion in 2020 that would reach to $63 billion by 2026, as per growing demand and application in consumer and automotive communications, wireless communication etc. Over the past few years, India has made rapid strides in the manufactu...