India's core making dream has been hit again , Foxconn ran away overnight and did not cooperate with you to make chips.
In recent years, with the intensification of Sino-US friction and the outbreak of the lack of "core", India has frequently issued semiconductor subsidy policies and continued to copy China's policies and engage in the introduction of semiconductor foreign investment. Foxconn's withdrawal from the Indian core plan once again confirmed the "investment hell" and "graveyard for foreign companies" environment in India.
India is one of the fastest growing economies, 2030 is expected to become the world's third largest economy, India is the world's second largest mobile phone market, but also one of the world's largest consumer electronics market, population advantages, high price subsidies make the Indian market become a foreign industrial transfer of the popular.
At the same time, the introduction of foreign companies have been in India, 5079 multinational companies registered in India, 1777 have "run away". When a large number of enterprises such as Coca-Cola, Samsung and Xiaomi took root in India, they were all fined and levied high taxes for various reasons.
In the end is to raise ripe and then kill, "India makes money India flowers, a want to take home." Companies see the truth, exit the exit, and learn to cut their losses in time.
The chip factory can not be built for the time being, India still has chip design, India is the world's chip design power, and its "Silicon Valley" Bangalore International Science and Technology Park is one of the world's main chip design centers.
Cadence, Qualcomm, Intel, AMD, ARM and other international semiconductor manufacturers have settled in India, India has 20% of the world's chip design talent, there are 50,000 Indians engaged in chip design.
The Indian semiconductor market is growing rapidly and is expected to grow from $15 billion in 2020 to $63 billion by 2026. According to KOTRA Mumbai Trade Center and the Electronics and Semiconductor Association of India, semiconductor consumption in India is expected to increase from $21 billion in 2019 to $400 billion in 2025.
India's chip design and chip consumer market is not bad at all, however, India's electronics manufacturing still relies on a large number of imported electronic components, Indian government statistics, as of March 2020, India imported electronic components worth 1.15 trillion rupees, of which about 37% come from China.
Whether it is India's own desire or the promotion of the West, India wants to overtake China on a corner, improve chip self-sufficiency, and reduce external dependence has been put on the table. Can you enter semiconductor manufacturing, India is really OK?
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