Commentary: Embrace chips, India, and skip those tech dreams
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Profit isn’t the purpose of this semiconductor mission – it’s securing the supply chain, says Mihir Sharma for Bloomberg Opinion. NEW DELHI: It is a truth universally acknowledged that a nation of reasonable size and prosperity must be in want of a semiconductor industry. India is no exception to the global rush to subsidise chip fabrication; the government set aside US$10 billion for new facilities in 2022 and it has plans to double that amount. There are expectations that money will provide a
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