India Inc makes little headway in getting new-gen chip technology

Negotiations for joint ventures by top conglomerates such as Tatas and Vedanta to access new-gen technology for semiconductor businesses have made little headway as potential partners, especially from Taiwan, are holding firm on terms.

Corporates have not been able to conclude any JV deals yet after several rounds of discussions, officials aware of the matter said. Global companies are adopting a wait-and-watch approach, preferring to go on their own as most fear transferring technology, officials said.