Semiconductors in India
The arena of confrontation between the US and China that is most visible is Taiwan. Another arena is semiconductor chips and America’s increasing its steps to prevent chips getting to their foes. It started with Russia over the Ukraine war, and then the US decided to ban certain specialized chips to China, and now the US banned chips key to AI from the Middle East. The other aspect of the chip wars is that the US is trying to de-risk itself from its dependency on chip manufacturing being in China, or too close to China for comfort (aka Taiwan). Hence the urgency to move some of that chip manufacturing to the US itself. It is in this context that countries like India have seen an opportunity – after all, some fraction of the manufacturing moving out of China could come to India. If India plays its cards right. ~~ In that context, Pranay Kotashane cautions that the role of the government in semiconductors historically has been at most as an enabler rather than the one runn...