India set to announce its first semiconductor fab

India is set to announce its first semiconductor fabrication facility in the next few weeks, as the country moves to become more self-reliant for its chip supply in the wake of pandemic supply chain disruptions and the ongoing US semiconductor restrictions to China.

The country is well-positioned to foster a vibrant chip industry in the next three to four years on the “back of enabling policies” and the government’s drive to boost its “manufacturing ecosystem,” Indian IT Minister Ashwini Vaishnav said on Tuesday, according to a PTI (Press Trust of India) report.

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