India invited Samsung to build a chip factory in the
Hardware

India invited Samsung to build a chip factory in the country and provided multi-billion dollar subsidies

The Indian government is determined to make the country one of the world’s semiconductor manufacturing centers given the rapid growth in “domestic” demand. Authorities approached Samsung Electronics with a proposal to build a microchip factory in the country. India plans to attract semiconductor giants and promises them significant benefits.

    Image source: ChristianIS/pixabay.com

Image source: ChristianIS/pixabay.com

According to local media, the government has prepared a plan to stimulate the semiconductor industry totaling US$10 billion in 2021. India’s semiconductor consumption is expected to grow to US$400 billion from US$21 billion in 2019, according to local associations KOTRA and Mumbai Trade Center US Dollars going up in 2025 Indian Electronics and Semiconductor Association (IESA).

Currently, the chip development market in India is known to have grown from US$14.5 billion in 2015 to US$52.6 billion in 2020. At the same time, there are too few factories in the country for their independent production.

Samsung Electronics entered the Indian market in 1995. The Korean tech giant makes home appliances here, including refrigerators and even cutting-edge OLED TVs. However, there is not a single Samsung semiconductor plant in the country – the country simply does not have any significant advantages compared to the USA or China, where the infrastructure is much better developed.

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About the author

Dylan Harris

Dylan Harris is fascinated by tests and reviews of computer hardware.

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