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JANUARY 2023
                       TAP TIMES       -11-


                 Made in India (from 10)                        Last November, various Indian media re-
                                                                ported that the Indian government was in
        minister used the opportunity to promote                talks with potential semiconductor compa-
        India as the perfect location for its next              nies to fulfill the Made in India goal.
        fab.  Since Gelsinger’s visit, however, Intel
        has already announced a fab for Germany.                In talks, local media says

                                                                These included “Not just TSMC (Taiwan
        Chip shortage is over                                   Semiconductor Manufacturing Company),
        Additionally, the chip shortage, accord-                but other Top Semiconductor Companies
        ing to many, is nearly over.  Intel and its             in USA and some of the Largest Semicon-
        competitors have already announced plans                ductor Companies in Taiwan such as AMD,
        for billions of dollars in new fabs in many             Intel, Fujitsu and United Microelectronics
        places, none of them in India.                          Corp to set up Manufacturing Plant in In-
                                                                dia,” Electronics and You reported.
        Last year, before Gelsinger’s India visit,
        Vedanta, one of the country’s largest mul-              Landing a TSMC, the world’s largest silicon
        tinationals, said it had signed a memoran-              foundry, would be a major coup for India.
        dum of understanding with Hon Hai, the                  Since last year, there have been no further
        holding company for Foxconn.                            reports, even from the local, hopeful me-

                                                                dai. Thus, for now, semiconductor manu-
        The MOU called for the pair to establish a              facturing in India — other than assembly
        $20 billion semiconductor manufacturing                 — remains a distant, but fervant hope.
        unit in Gujarat, India.  Details are vague.
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