During US government official Afreen Akhter’s visit to India, she said the Biden administration would help the subcontinent increase its semiconductor manufacturing capacity.
Akhter – US Deputy Assistant Secretary for South and Central Asia – led a semiconductor trade mission to India and met with senior government officials.
According to the Global Times article, the announcement is designed to “lure India into a geopolitical game aimed at excluding China from the global chip industry chain, rather than engaging with real investment plans to support chip manufacturing in India”.
Even though India is introducing multiple incentives for semiconductor production, the United States is also doubling its domestic chip capabilities. China, meanwhile, saw its biggest ever monthly decline in chip manufacturing in August, due to weak demand and pandemic restrictions.
Last year, the Indian government announced a Performance Linked Incentive (PLI) scheme of Rs 76,000 crore in the semiconductor sector.
The Chinese report goes on to say that the CHIPS and Science Act – aimed at providing $52 billion in subsidies to chipmakers to build manufacturing plants in the United States – “should not bring benefits to India” .
According to a report by India Electronics & Semiconductor Association (IESA) and Counterpoint Research.
With contributions from IANS
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