India’s $3B Chip Dream Got Stuck at the Docks

India’s semiconductor ambitions hit a wall in 2005, when the SemIndia consortium imported equipment for a three-billion-dollar chip project and watched it sit at Indian ports, stuck waiting on customs clearances from multiple government departments.

In this Electronics Supply Chain Insights Short, we tell how storage costs piled up until the equipment was shipped back out of the country and the opportunity was lost. Twenty-one years later, India has five chip plants in commercial production, thanks to policy clarity and faster approvals. But more than 90% of the semiconductor equipment those plants use is still imported, and building the machines at home is India’s next fight.

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⚙️ Sources:
– Tech Times

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