India's semiconductor investment continues to increase, and the future may benefit from the US chip bill

On September 15, according to DIGITIMES, as the strategic significance of chips increases, India has received investment from multinational companies in creating a local semiconductor supply chain, and the US chip bill may benefit India in the future.

India is home to numerous R&D centers of fabless semiconductor giants such as Texas Instruments, AMD, MediaTek and Qualcomm, the report said. But semiconductor investment in India has continued to increase since the Indian government announced an investment of 760 billion rupees ($95 billion).

These include ISMC and IGSS signing memorandums of understanding with the governments of Karnataka and Tamil Nadu respectively, while the Vedanta and Foxconn joint venture signed a memorandum of understanding on September 13.

Meanwhile, semiconductor equipment makers are also betting on India. In April, Applied Materials announced a cumulative investment of INR 18 billion in India over the next few years, including a $50 million investment in the purchase of land in Whitefield, Bengaluru. In addition, Lam's second R&D center in India just started operations in September.

Experts and industry insiders believe that the US chip bill will benefit India in the long run. According to Indian media Mint, Satya Gupta, CEO and founder of the Electronics Innovation Alliance, said the US will benefit in the short term, but in three years or more, it could benefit markets such as India.

In addition, Navkendar Singh, vice president of IDC India division, said that it is impossible for any company to put all its eggs in one basket anymore, so not only India, but other markets will also benefit from the new laws in the United States.