India Targets $500B Semiconductor Sector

This is a India news story, published by CNBC, that relates primarily to Goldman Sachs news.

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semiconductor industry

CNBC

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India wants to become a semiconductor powerhouse, but it can't do it on its own

Summary

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90% Informative

India 's semiconductor manufacturing industry is still at a very nascent stage, but it aspires to become a chip powerhouse.

The South Asian nation will still have to rely heavily on chipmakers Taiwan , China and the U.S. India is increasingly viewed as a viable alternative to China for companies looking to diversify their supply chains amid geopolitical risks.

India 's low labor cost has made the country attractive for companies looking to diversify parts of their supply chains away from China .

Goldman Sachs says India is set to be the world's second -largest economy by 2075 .

The need for chips only set to increase from here, India could be a solution for many companies.

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formal

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English

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